Sage Group Plc Given Average Recommendation of “Hold” by Analysts (LON:SGE)
Shares of Sage Group Plc (LON:SGE) have been given an average recommendation of “Hold” by the twenty-four analysts that are currently covering the stock, AnalystRatings.Net reports. Eight investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 419.30 ($7.03).
Sage Group Plc (LON:SGE) traded down 0.12% on Friday, hitting GBX 423.50. The stock had a trading volume of 1,469,477 shares. 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 411. and a 200-day moving average of GBX 366.7. The company’s market cap is £4.645 billion.
A number of research firms have recently commented on SGE. Analysts at Panmure Gordon reiterated a “hold” rating on shares of Sage Group Plc in a research note on Friday, January 31st. They now have a GBX 365 ($6.12) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Sage Group Plc in a research note on Friday, January 31st. They now have a GBX 347 ($5.82) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Sage Group Plc in a research note on Wednesday, January 22nd. They now have a GBX 357 ($5.98) price target on the stock.
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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