The Sage Group plc Coverage Initiated at Westhouse Securities (SGE)
Investment analysts at Westhouse Securities assumed coverage on shares of The Sage Group plc (LON:SGE) in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm set an “add” rating and a GBX 467 ($7.85) price target on the stock. Westhouse Securities’ price objective would indicate a potential upside of 11.22% from the stock’s previous close.
SGE has been the subject of a number of other recent research reports. Analysts at Bryan Garnier & Cie reiterated a “neutral” rating on shares of The Sage Group plc in a research note on Thursday, April 17th. They now have a GBX 410 ($6.89) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of The Sage Group plc in a research note on Friday, April 4th. They now have a GBX 315 ($5.29) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of The Sage Group plc in a research note on Wednesday, April 2nd. They now have a GBX 480 ($8.06) price target on the stock. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 425.26 ($7.14).
The Sage Group plc (LON:SGE) traded up 0.38% during mid-day trading on Tuesday, hitting GBX 419.90. 4,032,026 shares of the company’s stock traded hands. The Sage Group plc has a 1-year low of GBX 311.60 and a 1-year high of GBX 438.90. The stock’s 50-day moving average is GBX 411.4 and its 200-day moving average is GBX 390.0. The company’s market cap is £4.606 billion.
The Sage Group plc provides small and medium sized company with a range of business management software and services-from accounting and payroll, to enterprise resource planning, customer relationship management and payments.
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