SAP "buy"

03.04.07 - Jyske Bank

LONDON, April 3 (newratings.com) - Analysts at Jyske Bank maintain their "buy" rating on SAP AG (SAP-EUR). The target price is set to ?39.

In a research note published this morning, the analysts mention that the recent weakness in the company?s share price presents an attractive investment opportunity. The pressure on SAP?s share price is likely to have been due to the resignation of software architect Shai Agassi, tough comparisons and the accusations of espionage by Oracle, the analysts add. There is upside to the company?s operating margins, Jyske Bank believes.