SAP (ETR:SAP) Given a €135.00 Price Target at Berenberg Bank

Berenberg Bank set a €135.00 ($156.98) price target on SAP (ETR:SAP) in a research report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the technology company’s stock.

SAP has been the subject of a number of other research reports. Societe Generale set a €131.00 ($152.33) price objective on SAP and gave the company a buy rating in a research report on Wednesday. Sanford C. Bernstein set a €127.00 ($147.67) price objective on SAP and gave the company a buy rating in a research report on Friday, October 11th. Oddo Bhf set a €110.00 ($127.91) price objective on SAP and gave the company a neutral rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. set a €135.00 ($156.98) price objective on SAP and gave the company a buy rating in a research report on Tuesday, November 5th. Finally, Barclays set a €125.00 ($145.35) price objective on SAP and gave the company a buy rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. SAP presently has a consensus rating of Buy and a consensus target price of €128.65 ($149.59).

SAP stock traded down €0.56 ($0.65) on Wednesday, reaching €121.56 ($141.35). 2,128,095 shares of the company traded hands, compared to its average volume of 3,430,000. SAP has a one year low of €83.95 ($97.62) and a one year high of €125.00 ($145.35). The company has a debt-to-equity ratio of 9.23, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market cap of $149.34 billion and a P/E ratio of 42.83. The firm has a fifty day simple moving average of €114.78 and a 200-day simple moving average of €113.14.

About SAP

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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