The Sage Group plc Receives Consensus Recommendation of “Hold” from Analysts (LON:SGE)
The Sage Group plc (LON:SGE) has earned a consensus rating of “Hold” from the twenty brokerages that are presently covering the stock, AmericanBankingNews.com reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 394 ($6.59).
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 ($6.80) 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 ($7.94) 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 ($6.60) price target on the stock.
Shares of The Sage Group plc (LON:SGE) opened at 396.80 on Friday. The Sage Group plc has a one year low of GBX 311.60 and a one year high of GBX 438.90. The stock’s 50-day moving average is GBX 379.4 and its 200-day moving average is GBX 402.9. The company’s market cap is £4.356 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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