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SAP (ETR:SAP) target price raised to 70.00EUR, issued a report today by Oddo Seydler Bank AG

Yesterday SAP (ETR:SAP) traded -1.64% lower at 80.36EUR. The company’s 50-day moving average is 89.36EUR and its 200-day moving average is 82.53EUR. The last closing price is down 7.37% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 897,530 shares of the stock were exchanged, down from an average trading volume of 906,046

SAP (ETR:SAP) had its target price raised to 70.00EUR by Oddo Seydler Bank AG in a report released 10/12/2016. The new target price indicates a possible downside of -0.13% based on the company's last closing price.

Previously on 10/11/2016, Oddo Seydler Bank AG reported on SAP (ETR:SAP) raised the target price from 0.00EUR to 70.00EUR. At the time, this indicated a possible downside of -0.13%.

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SAP has a 52 week low of 68.45EUR and a 52 week high of 92.76EUR with a P/E ratio of 26.71 The company’s market cap is currently 0 EUR.

In addition to Oddo Seydler Bank AG reporting its target price, a total of 12 brokers have issued a report on the stock. The consensus target price 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.

General Information 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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