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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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