Sage Group Plc Given Hold Rating at Berenberg Bank (SGE)
Sage Group Plc (LON:SGE)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a research report issued on Wednesday, Analyst RN reports. They currently have a GBX 357 ($5.86) price objective on the stock. Berenberg Bank’s price target would suggest a potential downside of 13.29% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Sage Group Plc in a research note to investors on Wednesday. They now have a GBX 347 ($5.70) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research raised their price target on shares of Sage Group Plc from GBX 400 ($6.57) to GBX 480 ($7.88) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, 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. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Sage Group Plc presently has a consensus rating of “Hold” and an average price target of GBX 413.14 ($6.78).
Shares of Sage Group Plc (LON:SGE) opened at 430.80 on Wednesday. Sage Group Plc has a 1-year low of GBX 311.60 and a 1-year high of GBX 412.20. The stock’s 50-day moving average is GBX 390.5 and its 200-day moving average is GBX 357.3. The company’s market cap is £4.725 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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