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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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