Sage Group Plc Stock Rating Reaffirmed by JPMorgan Chase & Co. (SGE)
Sage Group Plc (LON:SGE)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Monday, American Banking News.com reports. They currently have a GBX 395 ($6.48) price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 4.06% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Sage Group Plc from GBX 430 ($7.06) to GBX 450 ($7.39) in a research note to investors on Tuesday, January 14th. They now have a “neutral” 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, January 7th. They now have a GBX 315 ($5.17) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Sage Group Plc in a research note to investors on Thursday, December 12th. They now have a GBX 1,530 ($25.11) price target on the stock. Eight research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. Sage Group Plc has an average rating of “Hold” and a consensus target price of GBX 407.51 ($6.69).
Shares of Sage Group Plc (LON:SGE) traded up 0.22% during mid-day trading on Monday, hitting GBX 411.70. 1,326,014 shares of the company’s stock traded hands. Sage Group Plc has a one year low of GBX 311.60 and a one year high of GBX 412.20. The stock’s 50-day moving average is GBX 389.9 and its 200-day moving average is GBX 356.. The company’s market cap is £4.516 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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