The Sage Group plc Receives Consensus Rating of “Hold” from Brokerages (LON:SGE)
The Sage Group plc (LON:SGE) has received an average recommendation of “Hold” from the twenty brokerages that are covering the company, Stock Ratings Network reports. Four analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 394 ($6.61).
Several analysts have recently commented on the stock. Analysts at Panmure Gordon upgraded shares of The Sage Group plc to a “buy” rating in a research note on Wednesday, August 6th. They now have a GBX 407 ($6.83) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of The Sage Group plc in a research note on Friday, August 1st. They now have a GBX 475 ($7.97) price target on the stock. Finally, analysts at Bryan Garnier & Cie reiterated a “neutral” rating on shares of The Sage Group plc in a research note on Thursday, July 24th. They now have a GBX 395 ($6.63) price target on the stock.
The Sage Group plc (LON:SGE) traded up 0.85% on Friday, hitting GBX 393.80. The stock had a trading volume of 1,440,530 shares. The Sage Group plc has a one year low of GBX 311.60 and a one year high of GBX 438.90. The stock has a 50-day moving average of GBX 378.9 and a 200-day moving average of GBX 403.4. The company’s market cap is £4.324 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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