The Sage Group plc Stock Rating Reaffirmed by Barclays (SGE)
The Sage Group plc (LON:SGE)‘s stock had its “underweight” rating restated by stock analysts at Barclays in a report issued on Tuesday. They currently have a GBX 315 ($5.40) price objective on the stock. Barclays’ price objective points to a potential downside of 17.80% from the company’s current price.
Shares of The Sage Group plc (LON:SGE) traded up 0.05% on Tuesday, hitting GBX 383.20. 4,250,707 shares of the company’s stock traded hands. The Sage Group plc has a 52 week low of GBX 311.60 and a 52 week high of GBX 438.90. The stock’s 50-day moving average is GBX 397.9 and its 200-day moving average is GBX 408.. The company’s market cap is £4.207 billion.
A number of other firms have also recently commented on SGE. Analysts at Panmure Gordon reiterated a “hold” rating on shares of The Sage Group plc in a research note on Friday. They now have a GBX 407 ($6.98) price target on the stock. Separately, 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 ($7.24) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Sage Group plc in a research note on Wednesday, June 18th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 390.65 ($6.70).
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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