The HSBC Analysts Give SAP SE (SAP) a €93.00 Price Target

The HSBC Analysts Give SAP SE (SAP) a €93.00 Price Target

HSBC set a €93.00 ($98.94) target price on SAP SE (ETR:SAP) in a report issued on Friday. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) set a €100.00 ($106.38) price objective on shares of SAP SE and gave the stock a buy rating in a research report on Thursday, January 5th. Commerzbank AG set a €95.00 ($101.06) price objective on shares of SAP SE and gave the stock a buy rating in a research report on Tuesday, October 18th. Morgan Stanley set a €88.00 ($93.62) price objective on shares of SAP SE and gave the stock a buy rating in a research report on Thursday, October 6th. Oddo Securities set a €70.00 ($74.47) price objective on shares of SAP SE and gave the stock a sell rating in a research report on Tuesday, October 11th. Finally, Nomura set a €90.00 ($95.74) price objective on shares of SAP SE and gave the stock a buy rating in a research report on Thursday, November 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. SAP SE currently has a consensus rating of Buy and an average target price of €88.72 ($94.38).

Shares of SAP SE (ETR:SAP) opened at 83.408 on Friday. SAP SE has a 12 month low of €63.00 and a 12 month high of €84.31. The company has a 50-day moving average of €81.56 and a 200-day moving average of €78.83. The stock has a market capitalization of €99.92 billion and a PE ratio of 29.410.

About SAP SE

SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.

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