RBC Capital announced SAP AG (NYSE:SAP), dropping its stock price target to $95.00 today
- Updated: September 30, 2016
Just yesterday SAP AG (NYSE:SAP) traded -2.76% lower at $89.54. SAP AG’s 50-day moving average is $88.81 and its 200-day moving average is $81.93. The last stock price is up 9.28% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 955,442 shares of SAP traded hands, up from an average trading volume of 934,441
In a report released on 9/30/2016 RBC Capital reduced the stock price target of SAP AG (NYSE:SAP) from $885.00 to $95.00 reporting a possible upside of 0.06%.
Previously on 7/21/2016, RBC Capital Markets released a statement about SAP AG (NYSE:SAP) increased the target price from $78.00 to $85.00. At the time, this indicated a possible upside of 0.01%.
Recent Performance Chart
SAP AG has 52 week low of $64.29 and a 52 week high of $92.76 with a P/E ratio of 26.96 and has a market cap of $0.
In addition to RBC Capital reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $86.73 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About SAP AG (NYSE: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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