The Sage Group plc Price Target Cut to GBX 396 by Analysts at Numis Securities Ltd (SGE)
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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