Q: Would you please comment on the recent jump in the price of SAP. Is this a time to sell or a sign of continued strength.
Many thanks.
Ian
Many thanks.
Ian
5i Research Answer:
SAP has had four broker upgrades since reporting earnings, where Canada sales were higher than estimates. It is now up 28% YTD. We think the results were good, certainly, but generally it is a slower growth company, and we would be reluctant to chase this. We would consider it more of a HOLD today.