Commerzbank AG announced SAP (ETR:SAP), bumping up its stock price target to 95.00EUR today
- Updated: September 17, 2016
In a report announced on 9/18/2016 Commerzbank AG increased the target price of SAP (ETR:SAP) from 0EUR to 95EUR stating a possible upside of 0.22%.
Previously on Saturday September 17 2016, Commerzbank AG released a statement for SAP(ETR:SAP) raised the target price from 0.00EUR to 95.00EUR that suggested an upside of 0.22%.
Having a price of 77.79EUR, SAP (ETR:SAP) traded 2.04% lower on the day. With the last stock close down 7.32% from the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the same period. SAP has logged a 50-day average of 87.68EUR and 200-day average of 80.94EUR. Trading volume was was down over the average, with 1,034,879 shares of SAP changing hands under the typical 1,063,710 shares.
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SAP has a P/E of 26 with a 52 week low of 62.57EUR and a 52 week high of 91.00EUR and has a market cap of 0.0 EUR.
A total of 12 firms have released a report on the company. Four firms rate the company a strong buy, three firms rate the stock a buy, four analyts rate the stock a hold, one analyst rate the stock to underperform, and lastly 0 firmsrate the company as sell with a consensus target stock price of 86.73EUR
Brief Synopsis About SAP (ETR:SAP)
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses. The SAP Business Network segment includes SAP’s cloud-based collaborative business network and services relating to the SAP Business Network, including cloud applications, professional services and education services. Its business network portfolio includes SAP Ariba, and Concur and SAP Fieldglass solutions.
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