Sage Group Plc Upgraded by Jefferies Group to Buy (SGE)
Sage Group Plc (LON:SGE) was upgraded by analysts at Jefferies Group to a “buy” rating in a research report issued to clients and investors on Monday, Analyst Ratings News reports. The firm currently has a GBX 380 ($6.15) price target on the stock, up from their previous price target of GBX 320 ($5.18). Jefferies Group’s price objective would indicate a potential upside of 12.73% from the company’s current price.
A number of other firms have also recently commented on SGE. Analysts at Panmure Gordon cut their price target on shares of Sage Group Plc from GBX 337 ($5.45) to GBX 333 ($5.39) in a research note to investors on Monday, October 21st. They now have a “hold” rating on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Sage Group Plc in a research note to investors on Tuesday, October 15th. They now have a GBX 273.51 ($4.43) price target on the stock, up previously from GBX 260 ($4.21). Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Sage Group Plc in a research note to investors on Tuesday, October 15th. Eight investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 338.41 ($5.48).
Shares of Sage Group Plc (LON:SGE) traded down 0.12% on Monday, hitting GBX 337.10. 1,631,345 shares of the company’s stock traded hands. Sage Group Plc has a 1-year low of GBX 304.013 and a 1-year high of GBX 391.114. The stock has a 50-day moving average of GBX 333.5 and a 200-day moving average of GBX 351.3. The company’s market cap is £3.872 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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