JPMorgan Chase & Co. Reiterates “€130.00” Price Target for SAP (ETR:SAP)

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

Several other analysts also recently commented on the stock. UBS Group reaffirmed a neutral rating on shares of CAIXABANK/ADR in a research report on Thursday. Kepler Capital Markets set a €11.00 ($12.79) price objective on shares of E.On and gave the stock a buy rating in a research report on Monday, May 13th. Nord/LB set a €115.00 ($133.72) price objective on shares of SAP and gave the stock a neutral rating in a research report on Friday, June 28th. Oddo Bhf set a €84.00 ($97.67) price objective on shares of SAP and gave the stock a sell rating in a research report on Friday, April 5th. Finally, Barclays reaffirmed an underweight rating and set a GBX 600 ($7.84) price objective on shares of in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company’s stock. SAP has an average rating of Buy and an average price target of €121.65 ($141.46).

SAP stock opened at €112.00 ($130.23) on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 50.41. SAP has a 52-week low of €83.95 ($97.62) and a 52-week high of €125.00 ($145.35). The stock’s 50 day moving average price is €117.54. The company has a market cap of $133.69 billion and a price-to-earnings ratio of 41.04.

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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