After the recent fall of the SAP share to 89.93 euros, investors are still waiting for a thorough recovery in the price of the software share. A first technical reaction ended at the mark around 103 euros and thus within the sphere of influence of important technical chart hurdles. Even positive analyst voices have so far not led to an increase in these brands.
The stock analysts at Credit Suisse, meanwhile, believe that the SAP share will rise more significantly than was previously seen after the crash. The price target of the experts for the DAX value remains at 119 euros and the classification at “Overweight”. The experts refer, among other things, to the strong position of the Walldorf-based company in sectors such as retail and the advantages of long-term customer relationships and integrated solutions for growth at SAP.
As part of a sector study on technology stocks, the analysts at Nord LB had also made positive comments about the papers from SAP. There is a buy recommendation for the shares of the DAX group. The price target is EUR 115.00. Experts see earnings per SAP share at EUR 4.55 in 2020, and the dividend should be EUR 1.70. The 2020e PER is 21.9. This is one of the better ratings in the study. Only Intel (10.3) and Cisco Systems (16.0) have a significantly lower PER. The entire sector continues to be rated “neutral” by the experts.
Security data: SAP
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Ticker symbol: SAP
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