Credit Suisse Group Reiterates “€142.00” Price Target for SAP (ETR:SAP)

SAP (ETR:SAPGet Rating) received a €142.00 ($152.69) target price from analysts at Credit Suisse Group in a note issued to investors on Monday, Borsen Zeitung reports. Credit Suisse Group’s price target suggests a potential upside of 45.54% from the company’s previous close.

Several other research firms have also weighed in on SAP. Warburg Research set a €135.00 ($145.16) price target on SAP in a research report on Wednesday, April 20th. Barclays set a €128.00 ($137.63) target price on shares of SAP in a report on Monday. Berenberg Bank set a €135.00 ($145.16) price target on shares of SAP in a research note on Friday, January 28th. Deutsche Bank Aktiengesellschaft set a €145.00 ($155.91) price objective on shares of SAP in a research note on Friday, January 28th. Finally, Baader Bank set a €150.00 ($161.29) target price on shares of SAP in a report on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of €136.40 ($146.67).

Shares of SAP stock traded down €1.99 ($2.14) during midday trading on Monday, reaching €97.57 ($104.91). 5,263,431 shares of the stock were exchanged, compared to its average volume of 3,430,000. SAP has a 1 year low of €94.48 ($101.59) and a 1 year high of €129.74 ($139.51). The company’s 50 day moving average is €100.51 and its two-hundred day moving average is €113.63. The company has a current ratio of 1.24, a quick ratio of 1.15 and a debt-to-equity ratio of 32.79. The firm has a market cap of $115.09 billion and a PE ratio of 21.91.

About SAP (Get Rating)

SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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