SAP "sell"

11.07.06 - Jyske Bank

LONDON, July 11 (newratings.com) - Analysts at Jyske Bank maintain their "sell" rating on SAP AG (SAP-EUR). The target price is set to ?153.

In a research note dated July 10 and published this morning, the analysts mention that the expectations from the company for 2006 are very high, since it performed robustly last year. SAP is likely to face increased competition from Oracle going forward, the analysts say.