SAP (ETR:SAP) has been upgraded to Buy in a report by DZ BANK today.
- Updated: October 12, 2016
DZ BANK has upgraded SAP (ETR:SAP) to Buy in a report released on 10/12/2016.
Previously on Tuesday October 11, 2016, Oddo Seydler Bank AG released a statement on SAP (ETR:SAP) bumped up the target price from 0.00EUR to 70.00EUR. At the time, this indicated a possible downside of -0.13%.
Only yesterday SAP (ETR:SAP) traded -1.64% lower at 79.15EUR. SAP’s 50-day moving average is 89.36EUR and its 200-day moving average is 82.53EUR. With the last stock price down 7.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trading volume was down over the average, with 897,530 shares of SAP changing hands under the typical 906,046
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SAP has price-earnings ratio of 26.71 with a 52 week low of 68.45EUR and a 52 week high of 92.76EUR and has a market capitalization of 0 EUR.
A total of 12 equity analysts have released a ratings update on SAP. 4 brokers rating the stock a strong buy, 3 brokerages rating the stock a buy, 4 firms rating the stock a hold, 1 broker rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of 86.73EUR.
More 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, Concur and SAP Fieldglass solutions.
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