Sage Group Plc Receives Underperform Rating from Credit Suisse (SGE)
Sage Group Plc (LON:SGE)‘s stock had its “underperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Friday, Stock Ratings News reports. They currently have a GBX 347 ($5.72) target price on the stock. Credit Suisse’s target price points to a potential downside of 17.48% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Espirito Santo Investment Bank Research raised their price target on shares of Sage Group Plc from GBX 400 ($6.59) to GBX 480 ($7.91) in a research note to investors on Tuesday, January 21st. 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, January 20th. They now have a GBX 395 ($6.51) price target on the stock. Eight investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 413.14 ($6.81).
Sage Group Plc (LON:SGE) opened at 414.20 on Friday. 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 £4.543 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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