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Numis Securities Ltd cut their target price on shares of The Sage Group plc (LON:SGE) from GBX 411 ($7.02) to GBX 396 ($6.77) in a research note issued on Thursday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s target price indicates a potential upside of 5.71% from the company’s current price.

SGE has been the subject of a number of other recent research reports. Analysts at Berenberg Bank reiterated a “hold” rating on shares of The Sage Group plc in a research note on Thursday. They now have a GBX 357 ($6.10) price target on the stock. Separately, analysts at Investec reiterated an “add” rating on shares of The Sage Group plc in a research note on Wednesday. They now have a GBX 320 ($5.47) price target on the stock. Finally, 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 ($7.98) price target on the stock. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 390.95 ($6.68).

The Sage Group plc (LON:SGE) traded down 0.80% on Thursday, hitting GBX 374.00. 3,350,537 shares of the company’s stock traded hands. The Sage Group plc has a 1-year low of GBX 311.60 and a 1-year high of GBX 438.90. The stock has a 50-day moving average of GBX 388. and a 200-day moving average of GBX 406.5. The company’s market cap is £4.106 billion.

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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