Sage Group Plc Receives “Hold” Rating from Panmure Gordon (SGE)
Sage Group Plc (LON:SGE)‘s stock had its “hold” rating restated by equities research analysts at Panmure Gordon in a research note issued to investors on Friday, StockRatingsNetwork.com reports. They currently have a GBX 365 ($6.01) price target on the stock. Panmure Gordon’s target price points to a potential downside of 10.60% from the company’s current price.
SGE has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Sage Group Plc in a research note to investors on Friday. They now have a GBX 347 ($5.72) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “hold” rating on shares of Sage Group Plc in a research note to investors on Wednesday, January 22nd. They now have a GBX 357 ($5.88) 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 issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 414.24 ($6.83).
Sage Group Plc (LON:SGE) traded down 2.90% during mid-day trading on Friday, hitting GBX 408.30. 3,602,121 shares of the company’s stock traded hands. Sage Group Plc has a 52 week low of GBX 311.60 and a 52 week high of GBX 438.80. The stock has a 50-day moving average of GBX 401.4 and a 200-day moving average of GBX 360.2. The company’s market cap is £4.479 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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