SAP (ETR:SAP) Given a €130.00 Price Target by JPMorgan Chase & Co. Analysts

JPMorgan Chase & Co. set a €130.00 ($151.16) target price on SAP (ETR:SAP) in a report released on Thursday, September 26th, Borsen Zeitung reports. The firm currently has a buy rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on SAP. HSBC set a €135.00 ($156.98) target price on shares of SAP and gave the stock a buy rating in a research report on Wednesday, July 17th. Sanford C. Bernstein set a €127.00 ($147.67) target price on shares of SAP and gave the stock a buy rating in a research report on Friday, August 9th. Nord/LB set a €115.00 ($133.72) target price on shares of SAP and gave the stock a neutral rating in a research report on Thursday, July 25th. Morgan Stanley set a €115.00 ($133.72) target price on shares of SAP and gave the stock a neutral rating in a research report on Wednesday, July 10th. Finally, Baader Bank set a €125.00 ($145.35) target price on shares of SAP and gave the stock a buy rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. SAP currently has an average rating of Buy and a consensus target price of €122.35 ($142.26).

Shares of ETR SAP traded up €10.74 ($12.49) during midday trading on Thursday, hitting €115.68 ($134.51). The company had a trading volume of 7,325,260 shares, compared to its average volume of 3,430,000. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 6.56. The firm has a market capitalization of $142.11 billion and a price-to-earnings ratio of 44.39. The business has a 50-day simple moving average of €107.48 and a two-hundred day simple moving average of €110.10. SAP has a twelve month low of €83.95 ($97.62) and a twelve month high of €125.00 ($145.35).

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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