SAP (ETR:SAP) Rating Reaffirmed
They currently have a EUR 78.00 TP on SAP (ETR:SAP). The target price by Independent Research GmbH would suggest a potential upside of 4.66% from the company’s current price. This has been disclosed in a recent research report on Saturday morning.
From a total of 17 analysts covering SAP (ETR:SAP) stock, 8 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is €83 while the lowest target price is €53. The mean of all analyst targets is €71.54 with a -4.02% below today’s (€74.54) stock price. SAP was the topic of 46 analyst reports since June 25, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on November 28 with “Hold” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €65 target share price in a report from an October 21. Citigroup upgraded SAP stock in a recent report from November 4 to “Buy” rating. Societe Generale maintained the rating on October 21. Societe Generale has a “Hold” rating and a €66 price target on shares. Finally, Berenberg maintained the stock with “Hold” rating in a report issued on an October 21.
The stock decreased 0.27% or EUR 0.2 on November 27, striking EUR 74.54. Approximately 2.08M shares of stock traded hands. SAP SE (ETR:SAP) has risen 3.48% since April 27, 2015 and is uptrending. It has outperformed by 4.37% the S&P500.
SAP SE, formerly SAP AG, is a provider of application and analytics software for enterprises in mobile enterprise management. The company has a market cap of 91.57 billion EUR. SAP is an enterprise cloud company. It has 28.82 P/E ratio. As of December 31, 2014, the Company has more than 282,000 clients in over 180 countries.
According to Zacks Investment Research, “Sap Ag Adr is the recognized leader in providing collaborative e-business solutions for all types of industries and for every major market. SAP has leveraged our extensive experience to deliver a comprehensive range of solutions to empower every aspect of business operations. By using SAP solutions, organizations of all sizes including small and midsize enterprises – can reduce costs, improve performance, and gain the agility to respond to changing business needs. SAP is the world’s largest business software company and the world’s third-largest independent software provider overall. SAP has also developed the SAP NetWeaver platform, which allows our customers to achieve more value from their IT investments.” Get a free copy of the Zacks research report on SAP SE (SAP)