Software AG (ETR:SOW) Given a €40.00 Price Target at J P Morgan Chase & Co

Software AG (ETR:SOW) has been assigned a €40.00 ($47.06) price objective by equities researchers at J P Morgan Chase & Co in a research report issued on Monday, July 24th. The firm currently has a “neutral” rating on the stock.

Several other research firms have also issued reports on SOW. Commerzbank Ag set a €37.50 ($44.12) price target on shares of Software AG and gave the company a “neutral” rating in a research report on Tuesday, July 18th. Societe Generale set a €31.00 ($36.47) price target on shares of Software AG and gave the company a “sell” rating in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) set a €36.00 ($42.35) price target on shares of Software AG and gave the company a “sell” rating in a research report on Saturday, May 20th. Independent Research GmbH set a €43.00 ($50.59) target price on shares of Software AG and gave the stock a “neutral” rating in a report on Friday, July 21st. Finally, equinet AG set a €30.00 ($35.29) target price on shares of Software AG and gave the stock a “sell” rating in a report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of €37.21 ($43.77).

Software AG (ETR SOW) opened at 35.835 on Monday. Software AG has a one year low of €4.55 and a one year high of €43.25. The stock’s 50 day moving average is €39.02 and its 200 day moving average is €37.78. The company has a market capitalization of €2.68 billion and a PE ratio of 19.245.

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About Software AG

Software AG is a Germany-based software developer and provider of information technology (IT) platforms for businesses. The Company operates in three segments: Digital Business Platform (DBP), Adabas & Natural and Consulting. The Digital Business Platform (DBP) segment focuses on integration, business process management and big data with the webMethods, Aris, Alfabet, Apama and Terracotta product families.