SAP (SAP) Given a €115.00 Price Target by Royal Bank of Canada Analysts

SAP (ETR:SAP) has been given a €115.00 ($133.72) price objective by stock analysts at Royal Bank of Canada in a research report issued on Wednesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the technology company’s stock. Royal Bank of Canada’s price objective indicates a potential downside of 0.03% from the stock’s previous close.

Several other analysts also recently issued reports on SAP. Goldman Sachs Group set a €121.00 ($140.70) price target on shares of SAP and gave the company a “buy” rating in a research report on Thursday, April 18th. Baader Bank set a €112.00 ($130.23) price objective on SAP and gave the company a “buy” rating in a research note on Wednesday, April 17th. Credit Suisse Group set a €120.00 ($139.53) price objective on SAP and gave the company a “buy” rating in a research note on Thursday, April 18th. Deutsche Bank set a €108.00 ($125.58) price objective on SAP and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, UBS Group set a €105.00 ($122.09) price objective on SAP and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of €111.96 ($130.18).

ETR SAP opened at €115.04 ($133.77) on Wednesday. SAP has a 12-month low of €83.95 ($97.62) and a 12-month high of €108.52 ($126.19). The company has a debt-to-equity ratio of 39.14, a current ratio of 1.59 and a quick ratio of 1.51. The firm has a market capitalization of $137.36 billion and a P/E ratio of 33.64.

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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