Citigroup Inc. Reiterates Buy Rating for Sage Group Plc (SGE)
Sage Group Plc (LON:SGE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Monday, AR Network reports. They currently have a GBX 395 ($6.34) target price on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 20.06% from the stock’s previous close.
Sage Group Plc (LON:SGE) opened at 324.60 on Monday. Sage Group Plc has a one year low of GBX 304.013 and a one year 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 £3.728 billion.
A number of other firms have also recently commented on SGE. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Sage Group Plc in a research note to investors on Wednesday, October 2nd. They now have a GBX 337 ($5.41) price target on the stock. Separately, analysts at AlphaValue reiterated an “add” rating on shares of Sage Group Plc in a research note to investors on Thursday, September 26th. They now have a GBX 405 ($6.50) price target on the stock. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Sage Group Plc in a research note to investors on Wednesday, September 25th. They now have a GBX 301 ($4.83) price target on the stock. Eight investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Sage Group Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 339.74 ($5.45).
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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