SAP (ETR:SAP) has been given a €135.00 ($156.98) target price by equities research analysts at Goldman Sachs Group in a research report issued on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the technology company’s stock. Goldman Sachs Group’s target price suggests a potential upside of 11.51% from the company’s previous close.
A number of other brokerages have also recently issued reports on SAP. Independent Research set a €26.00 ($30.23) price objective on shares of Aareal Bank and gave the company a “neutral” rating in a report on Friday, July 5th. Sanford C. Bernstein upgraded shares of Zimmer Biomet from an “underperform” rating to a “market perform” rating and set a $121.71 price objective for the company in a report on Tuesday, June 11th. UBS Group lifted their price objective on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Deutsche Bank set a $142.00 price target on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, June 28th. Finally, Oddo Bhf set a €84.00 ($97.67) price target on shares of SAP and gave the company a “sell” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of €121.22 ($140.95).
Shares of ETR SAP opened at €121.06 ($140.77) on Friday. The firm has a market capitalization of $144.50 billion and a PE ratio of 44.36. The firm’s 50-day simple moving average is €116.76. SAP has a 1 year low of €83.95 ($97.62) and a 1 year high of €125.00 ($145.35). The company has a debt-to-equity ratio of 50.41, a current ratio of 1.10 and a quick ratio of 1.03.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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