Shares of The Sage Group plc (LON:SGE) have been assigned an average recommendation of “Hold” from the seventeen ratings firms that are covering the company. Six research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 640.69 ($7.93).
A number of equities analysts recently commented on SGE shares. Goldman Sachs Group Inc. upped their target price on The Sage Group plc from GBX 730 ($9.03) to GBX 850 ($10.52) and gave the company a “buy” rating in a report on Tuesday, August 16th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 760 ($9.41) price objective on shares of The Sage Group plc in a report on Tuesday, August 2nd. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 600 ($7.43) price objective on shares of The Sage Group plc in a report on Thursday, July 14th. BNP Paribas reiterated a “neutral” rating and issued a GBX 580 ($7.18) price objective on shares of The Sage Group plc in a report on Monday, June 27th. Finally, Numis Securities Ltd downgraded The Sage Group plc to a “hold” rating and increased their price objective for the stock from GBX 665 ($8.23) to GBX 718 ($8.89) in a report on Monday, July 25th.
The Sage Group plc (LON:SGE) traded down 0.88% during trading on Wednesday, reaching GBX 730.50. 1,822,220 shares of the company’s stock were exchanged. The Sage Group plc has a 12 month low of GBX 516.50 and a 12 month high of GBX 761.00. The firm has a 50 day moving average of GBX 734.38 and a 200-day moving average of GBX 663.22. The stock’s market cap is GBX 7.86 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.
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