Sage Group Plc Stock Rating Reaffirmed by Societe Generale (SGE)
Sage Group Plc (LON:SGE)‘s stock had its “sell” rating reiterated by Societe Generale in a research note issued on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 290 ($4.65) price objective on the stock. Societe Generale’s price target suggests a potential downside of 7.32% from the stock’s previous close.
A number of other firms have also recently commented on SGE. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Sage Group Plc in a research note to investors on Monday. They now have a GBX 395 ($6.34) price target on the stock. Separately, 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. Finally, 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. Eight research 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. Sage Group Plc currently has an average rating of “Hold” and an average target price of GBX 339.06 ($5.44).
Sage Group Plc (LON:SGE) traded down 2.40% during mid-day trading on Tuesday, hitting GBX 312.90. 4,034,137 shares of the company’s stock traded hands. Sage Group Plc has a 52 week low of GBX 304.013 and a 52 week high of GBX 391.114. The stock has a 50-day moving average of GBX 352.2 and a 200-day moving average of GBX 357.1. The company’s market cap is £3.594 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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