The Sage Group plc Rating Reiterated by Espirito Santo Investment Bank Research (SGE)
The Sage Group plc (LON:SGE)‘s stock had its “buy” rating reaffirmed by analysts at Espirito Santo Investment Bank Research in a research report issued to clients and investors on Thursday, AnalystRatings.NET reports. They currently have a GBX 480 ($8.10) target price on the stock. Espirito Santo Investment Bank Research’s price target suggests a potential upside of 21.06% from the stock’s previous close.
Shares of The Sage Group plc (LON:SGE) traded down 0.75% during mid-day trading on Thursday, hitting GBX 396.50. The stock had a trading volume of 4,470,486 shares. The Sage Group plc has a 52 week low of GBX 311.60 and a 52 week high of GBX 439.78. The stock’s 50-day moving average is GBX 412.2 and its 200-day moving average is GBX 394.3. The company’s market cap is £4.349 billion.
The company also recently announced a dividend, which is scheduled for Friday, June 6th. Investors of record on Wednesday, May 14th will be paid a dividend of GBX 4.12 ($0.07) per share. This represents a dividend yield of 1.03%. The ex-dividend date is Wednesday, May 14th.
A number of other analysts have also recently weighed in on SGE. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of The Sage Group plc in a research note on Thursday. They now have a GBX 420 ($7.09) price target on the stock. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of The Sage Group plc in a research note on Wednesday. They now have a GBX 467 ($7.88) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of The Sage Group plc from GBX 420 ($7.09) to GBX 475 ($8.01) in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 385.96 ($6.51).
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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