Panmure Gordon Reiterates Hold Rating for The Sage Group plc (SGE)
The Sage Group plc (LON:SGE)‘s stock had its “hold” rating reiterated by equities research analysts at Panmure Gordon in a research note issued to investors on Friday. They currently have a GBX 407 ($6.93) price target on the stock. Panmure Gordon’s price target would indicate a potential upside of 4.76% from the company’s current price.
Shares of The Sage Group plc (LON:SGE) opened at 387.10 on Friday. The Sage Group plc has a 52-week low of GBX 311.60 and a 52-week high of GBX 438.90. The stock has a 50-day moving average of GBX 398.9 and a 200-day moving average of GBX 408.4. The company’s market cap is £4.250 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of The Sage Group plc in a research note on Monday, June 23rd. They now have a GBX 422 ($7.19) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Sage Group plc in a research note on Wednesday, June 18th. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of The Sage Group plc in a research note on Tuesday, June 3rd. They now have a GBX 357 ($6.08) price target on the stock. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 391.65 ($6.67).
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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