Sage Group Plc Receives Underperform Rating from Credit Suisse (SGE)
Sage Group Plc (LON:SGE)‘s stock had its “underperform” rating restated by investment analysts at Credit Suisse in a note issued to investors on Wednesday, American Banking & Market News reports. They currently have a GBX 301 ($4.82) price target on the stock. Credit Suisse’s price target points to a potential downside of 13.28% from the company’s current price.
A number of other firms have also recently commented on SGE. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Sage Group Plc (LON:SGE) in a research note to investors on Wednesday. They now have a GBX 320 ($5.13) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Sage Group Plc (LON:SGE) from GBX 365 ($5.85) to GBX 395 ($6.33) in a research note to investors on Monday, September 16th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Sage Group Plc (LON:SGE) from GBX 366 ($5.86) to GBX 410 ($6.57) in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock.
Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 338.83 ($5.43).
Shares of Sage Group Plc (LON:SGE) opened at 335.80 on Wednesday. Sage Group Plc has a 52-week low of GBX 304.013 and a 52-week high of GBX 391.114. The stock’s 50-day moving average is GBX 352.2 and its 200-day moving average is GBX 357.1. The company’s market cap is £3.857 billion.
The Sage Group plc, along with its subsidiaries, is principally engaged in development, distribution and support of business management software, and related products and services for medium-sized and smaller businesses.
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