SAP "buy"

11.01.07 - Dresdner Kleinwort Wasser.

LONDON, January 11 (newratings.com) - Analysts at Dresdner Kleinwort reiterate their "buy" rating on SAP AG (SAP). The target price is set to ?53.

In a research note published this morning, the analysts mention that the company is expected to report its 4Q results in-line with the consensus. SAP has expressed its confidence in fuelling its market share growth through organic growth, supported by small, fill-in acquisitions,. The company is likely to generate license sales growth in excess of 14% during 2007, Dresdner Kleinwort adds.