Commerzbank AG disclosed SAP (ETR:SAP), stepping up its price target to 95.00EUR earlier today
- Updated: September 16, 2016
Just yesterday SAP (ETR:SAP) traded 2.04% lower at 77.79EUR. SAP’s 50-day moving average is 87.83EUR and its 200-day average is 81.07EUR. With the last close down 7.14% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. Volume of trade was was up over the average, with 1,034,879 shares of SAP changing hands over the typical 1,025,990 shares..
In a statement issued on Friday September 16 2016 Commerzbank AG bumped up the target price of SAP (ETR:SAP) from 0EUR to 95EUR reporting a possible upsideof 0.22%.
Also covering SAP’s target price, a total of 12 brokers have released a research note on SAP. The one year target stock price is 86.73EUR with four firms rating the company a strong buy, three analysts rating the company a buy, four analysts rating the stock a hold, one brokerage rating the company to underperform, and lastly 0 firms rating the stock as sell.
With a total market value of 0.0 EUR, SAP has a PE of 26 with a one-year low of 62.57EUR and a one-year high of 91.00EUR.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.