Sage Group Plc Upgraded to Buy at AlphaValue (SGE)
Sage Group Plc (LON:SGE) was upgraded by equities researchers at AlphaValue to a “buy” rating in a research report issued on Thursday, Analyst Ratings News reports. The firm currently has a GBX 393 ($6.31) price objective on the stock. AlphaValue’s target price points to a potential upside of 23.47% from the stock’s previous close.
SGE has been the subject of a number of other recent research reports. Analysts at Societe Generale reiterated a “sell” rating on shares of Sage Group Plc in a research note to investors on Tuesday. They now have a GBX 290 ($4.65) price target on the stock. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 338.51 ($5.43).
Shares of Sage Group Plc (LON:SGE) traded up 1.73% during mid-day trading on Thursday, hitting GBX 318.30. The stock had a trading volume of 3,139,676 shares. Sage Group Plc has a 1-year low of GBX 304.013 and a 1-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 £3.656 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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