The Sage Group plc PT Raised to GBX 450 at Citigroup Inc. (SGE)
Equities research analysts at Citigroup Inc. raised their target price on shares of The Sage Group plc (LON:SGE) from GBX 395 ($6.65) to GBX 450 ($7.57) in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 8.75% from the company’s current price.
The Sage Group plc (LON:SGE) traded down 0.02% on Wednesday, hitting GBX 413.70. 1,070,122 shares of the company’s stock traded hands. The Sage Group plc has a one year low of GBX 311.60 and a one year high of GBX 438.90. The stock’s 50-day moving average is GBX 406.3 and its 200-day moving average is GBX 400.7. The company’s market cap is £4.542 billion.
The company also recently declared a dividend, which is scheduled for Friday, June 6th. Investors of record on Wednesday, May 14th will be given a dividend of GBX 4.12 ($0.07) per share. This represents a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, May 14th.
A number of other firms have also recently commented on SGE. Analysts at Goldman Sachs raised their price target on shares of The Sage Group plc from GBX 440 ($7.41) to GBX 450 ($7.57) in a research note on Tuesday, May 20th. They now have a “neutral” rating on the stock. Separately, analysts at Panmure Gordon raised their price target on shares of The Sage Group plc from GBX 400 ($6.73) to GBX 407 ($6.85) in a research note on Friday, May 16th. They now have a “hold” rating on the stock. Finally, analysts at Societe Generale upgraded shares of The Sage Group plc to a “hold” rating in a research note on Friday, May 9th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 391.81 ($6.60).
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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