Home > Analyse
Actualite financiere : Actualite bourse

SAP: shares up almost 2% after UBS raises target price

(CercleFinance.com) - German enterprise software maker SAP shares are one of the top risers on the Euro STOXX 50 index, up almost 2% after UBS raise its target price to 130 euros from 125 euros.

"We expect fourth-quarter to show accelerating cloud adoption, with some risk to licences," say analysts at the Swiss investment bank in a note.

UBS analysts, who maintain a "neutral" rating on the shares, however said in a report that they see 2020 EBIT goals inch ahead of consensus.

SAP shares are currently up over 1.8% at 123 euros.

Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.