The Sage Group plc (LON:SGE) had its target price increased by Morgan Stanley from GBX 470 ($6.13) to GBX 490 ($6.40) in a research report released on Wednesday morning. The firm currently has an underweight rating on the stock.
SGE has been the subject of a number of other research reports. Barclays PLC restated an underweight rating and issued a GBX 475 ($6.20) target price on shares of The Sage Group plc in a research note on Thursday, June 30th. Canaccord Genuity restated a hold rating and issued a GBX 620 ($8.09) target price on shares of The Sage Group plc in a research note on Tuesday, June 7th. Societe Generale raised their target price on The Sage Group plc from GBX 465 ($6.07) to GBX 500 ($6.53) and gave the company a sell rating in a research note on Monday, July 11th. Numis Securities Ltd cut The Sage Group plc to a hold rating and raised their target price for the company from GBX 665 ($8.68) to GBX 718 ($9.37) in a research note on Monday, July 25th. Finally, Deutsche Bank AG restated a buy rating and issued a GBX 760 ($9.92) target price on shares of The Sage Group plc in a research note on Monday, August 15th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 635.06 ($8.29).
The Sage Group plc (LON:SGE) opened at 748.50 on Wednesday. The Sage Group plc has a 52 week low of GBX 501.00 and a 52 week high of GBX 753.50. The firm has a 50-day moving average price of GBX 732.58 and a 200-day moving average price of GBX 655.92. The company’s market cap is GBX 8.05 billion.
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.
Receive News & Ratings for The Sage Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group plc and related companies with MarketBeat.com's FREE daily email newsletter.