SAP (ETR:SAP) target price raised to 100.00EUR, reported today by Commerzbank AG
- Updated: February 11, 2017
SAP (ETR:SAP) had its target price raised to 100.00EUR by Commerzbank AG in a report released 2/12/2017. The new target price indicates a possible upside of 0.16% based on the company's last stock close price.
Previously on 2/11/2017, Kepler Cheuvreux reported about SAP (ETR:SAP) raised the target price from 0.00EUR to 82.00EUR. At the time, this indicated a possible downside of -0.05%.
Yesterday SAP (ETR:SAP) traded 0.02% higher at 86.34EUR. The company’s 50-day moving average is 89.43EUR and its 200-day moving average is 87.55EUR. The last stock close price is down 4.78% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 417,028 shares of the stock were exchanged, down from an average trading volume of 840,624
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SAP has a 52 week low of 71.39EUR and a 52 week high of 92.76EUR with a P/E ratio of 28.18 The company’s market cap is currently 0 EUR.
Also covering SAP's price target, a total of 12 brokerages have issued a ratings update on SAP. The 12-month price target is 86.73EUR with four analysts rating the company a strong buy, 3 brokers rating the stock a buy, 4 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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