SAP "sell"

07.08.06 - Jyske Bank

LONDON, August 7 (newratings.com) - Analysts at Jyske Bank maintain their "sell" rating on SAP (SAP-EUR).

In a research note published this morning, the analysts mention that the current valuation of the company's stock is extremely high. SAP's robust performance during end-2005 has led to higher expectations for 2006, Jyske Bank says. The company is expected to witness increased competition from Oracle going forward, the analysts add.