HSBC upgraded shares of SOFTWARE AG (NASDAQ:STWRY) from a neutral rating to an overweight rating in a research note released on Monday morning, TheFlyOnTheWall.com reports.
HSBC has also updated their ratings on a number of other stocks in the last week. The firm raised its price target on shares of Turkcell Iletisim from $18.50 to $19.00. They have an overweight rating on that stock. Also, HSBC reiterated its neutral rating on shares of Coca-Cola HBC S.A.. They have a $1,800.00 price target on that stock. Finally, HSBC downgraded shares of Barrick Gold Corp from an overweight rating to a neutral rating. Their analysts now have a $19.60 price target on that stock, down previously from $21.10.
Shares of SOFTWARE AG (NASDAQ:STWRY) traded down 3.27% during mid-day trading on Monday, hitting $9.36. The stock had a trading volume of 4,512 shares. SOFTWARE AG has a one year low of $7.35 and a one year high of $12.02. The stock’s 50-day moving average is $8.9 and its 200-day moving average is $8.3. The company has a market cap of $3.106 billion and a price-to-earnings ratio of 18.50.
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