Software (ETR:SOW) has been assigned a €45.00 ($55.56) price objective by analysts at Independent Research in a research note issued to investors on Monday. The brokerage presently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential upside of 9.62% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Baader Bank set a €55.00 ($67.90) price objective on shares of Software and gave the stock a “buy” rating in a research report on Friday, January 5th. Warburg Research set a €58.00 ($71.60) price objective on shares of Software and gave the stock a “buy” rating in a research report on Friday, January 5th. Oddo Bhf set a €53.00 ($65.43) price objective on shares of Software and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Kepler Capital Markets set a €52.00 ($64.20) price objective on shares of Software and gave the stock a “buy” rating in a research report on Thursday, January 25th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of €43.83 ($54.12).
Shares of SOW traded down €1.69 ($2.09) during trading hours on Monday, hitting €41.05 ($50.68). 741,121 shares of the stock were exchanged, compared to its average volume of 271,805. Software has a fifty-two week low of €34.53 ($42.63) and a fifty-two week high of €49.80 ($61.48).
Software Aktiengesellschaft provides software development, licensing, and maintenance; and IT services worldwide. It operates through three segments: Digital Business Platform, Adabas & Natural, and Consulting. The company offers Architecture for Integrated Information Systems, a platform for business process analysis, governance, risk, and compliance management; Alfabet, an IT portfolio management platform that enables mapping of IT environment and planning and optimization of IT infrastructure; and webMethods, a platform for business process management, operational intelligence, and application programming interface management, as well as to integrate systems, partners, data, devices, and SaaS applications.
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