Sage Group Plc Receives “Underperform” Rating from Credit Suisse (SGE)
Sage Group Plc (LON:SGE)‘s stock had its “underperform” rating reaffirmed by research analysts at Credit Suisse in a report released on Wednesday, AnalystRatings.Net reports. They currently have a GBX 347 ($5.70) price objective on the stock. Credit Suisse’s price target would suggest a potential downside of 15.72% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 411.69 ($6.76).
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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