The Sage Group plc (LON:SGE) had its price target increased by analysts at Barclays PLC from GBX 475 ($5.88) to GBX 540 ($6.68) in a research note issued to investors on Monday. The firm currently has an “underweight” rating on the stock. Barclays PLC’s target price indicates a potential downside of 26.16% from the company’s previous close.
SGE has been the subject of several other reports. Bryan, Garnier & Co lifted their target price on shares of The Sage Group plc from GBX 600 ($7.43) to GBX 690 ($8.54) and gave the company a “sell” rating in a research report on Wednesday, October 12th. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 600 ($7.43) target price on shares of The Sage Group plc in a research report on Thursday, July 14th. Canaccord Genuity lifted their target price on shares of The Sage Group plc from GBX 620 ($7.67) to GBX 650 ($8.04) and gave the company a “hold” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. boosted their price objective on shares of The Sage Group plc from GBX 730 ($9.03) to GBX 850 ($10.52) and gave the stock a “buy” rating in a report on Tuesday, August 16th. Finally, Panmure Gordon restated a “hold” rating and issued a GBX 614 ($7.60) price objective on shares of The Sage Group plc in a report on Friday, July 1st. Five analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The Sage Group plc currently has an average rating of “Hold” and an average target price of GBX 644.75 ($7.98).
The Sage Group plc (LON:SGE) opened at 722.50 on Monday. The company’s market capitalization is GBX 7.77 billion. The company’s 50-day moving average is GBX 734.14 and its 200 day moving average is GBX 664.58. The Sage Group plc has a 52 week low of GBX 522.00 and a 52 week high of GBX 761.00.
The Sage Group plc Company Profile
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence.
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