Morgan Stanley Has Just Reported a Downgrade of Software (ETR:SOW) with a EUR 25.00 Targeted Price


Software (ETR:SOW) Receives a Downgrade

Frankfurt-listed Software (ETR:SOW), was downgraded by stock research analysts at Morgan Stanley who downgraded their rating on the 2.03B EUR market cap firm to a “Underweight”, but decided to stick with their target price per share of EUR 25.00 on SOW shares.

From a total of 10 analysts covering Software (ETR:SOW) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 10% of the ratings are positive. The highest target price is €32 while the lowest target price is €23. The mean of all analyst targets is €27.03 with a 5.18% above today’s (€25.7) stock price. Software was the topic of 18 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on November 26 with “Hold” rating. Warburg Research maintained shares with “Hold” rating and €24 target share price in a report from an October 23. Independent Research maintained SOW stock in a recent report from November 3 with “Hold” rating. Equinet maintained the rating on October 15. Equinet has a “Neutral” rating and a €26 price target on shares. Finally, Hauck & Aufhäuser Privatbankiers KGaA maintained the stock with “Hold” rating in a report issued on an October 29.

The stock decreased 1.59% or EUR 0.42 on December 17, striking EUR 25.7. Approximately 314,077 shares of stock traded hands or 61.97% up from the average. Software AG (ETR:SOW) has risen 8.81% since May 21, 2015 and is uptrending. It has outperformed by 11.08% the S&P500.

 Morgan Stanley Has Just Reported a Downgrade of Software (ETR:SOW) with a EUR 25.00 Targeted Price

Software AG is a Germany-based holding firm and well-known provider of business infrastructure software. The company has a market cap of 2.03 billion EUR. It offers end-to-end, integrated solution for process strategy, design, integration, monitoring and control, as well as management of business processes. It has 15.54 P/E ratio. It is diversified into two divisions: Enterprise Transaction Systems and Business Process Excellence (BPE).