Espirito Santo Investment Bank Research Increases Sage Group Plc Price Target to GBX 480 (SGE)
Investment analysts at Espirito Santo Investment Bank Research lifted their price objective on shares of Sage Group Plc (LON:SGE) from GBX 400 ($6.57) to GBX 480 ($7.88) in a note issued to investors on Tuesday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Espirito Santo Investment Bank Research’s target price would suggest a potential upside of 16.59% from the company’s current price.
Sage Group Plc (LON:SGE) traded up 0.34% on Tuesday, hitting GBX 413.10. 2,156,515 shares of the company’s stock traded hands. Sage Group Plc has a 1-year low of GBX 311.60 and a 1-year high of GBX 413.70. The stock has a 50-day moving average of GBX 390.5 and a 200-day moving average of GBX 357.3. The company’s market cap is £4.531 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Sage Group Plc in a research note to investors on Monday. They now have a GBX 395 ($6.48) price target on the stock. Separately, 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. Finally, 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. 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. The company has an average rating of “Hold” and a consensus target price of GBX 411.14 ($6.75).
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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