SAP "reduce"

28.03.06 - Jyske Bank

LONDON, March 28 (newratings.com) - Analysts at Jyske Bank maintain their "reduce" rating on SAP (SAP-EUR). The target price is set to ?153.

In a research note published this morning, the analysts mention that the valuation of the company?s stock is high. According to the analysts, the market is expecting SAP to post robust results this year, following the company?s impressive results in 2005. The company is expected to witness intense competition from Oracle during the year, Jyske Bank adds.