Deutsche Bank AG upgraded SAP (ETR:SAP) to Buy in a report released today.
- Updated: September 27, 2016
Deutsche Bank AG has upgraded SAP (ETR:SAP) to Buy in a report released on 9/27/2016.
Previously on Thursday September 22, 2016, BNP PARIBAS reported on SAP (ETR:SAP) increased the target price from 0.00EUR to 66.00EUR. At the time, this indicated a possible downside of -0.18%.
Just yesterday SAP (ETR:SAP) traded 0.35% higher at 80.76EUR. SAP’s 50-day moving average is 88.62EUR and its 200-day moving average is 81.80EUR. The last closing price is down 11.31% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 731,209 shares of SAP traded hands, down from an average trading volume of 936,731
Recent Performance Chart
SAP has 52 week low of 63.43EUR and a 52 week high of 92.76EUR with a PE ratio of 27.42 and has a market capitalization of 0 EUR.
In addition to Deutsche Bank AG reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is 86.73EUR with 4 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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, Concur and SAP Fieldglass solutions.
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