The Sage Group plc’s Buy Rating Reiterated at Espirito Santo Investment Bank Research (SGE)
The Sage Group plc (LON:SGE)‘s stock had its “buy” rating restated by Espirito Santo Investment Bank Research in a research note issued on Wednesday. They currently have a GBX 480 ($8.02) price objective on the stock. Espirito Santo Investment Bank Research’s target price suggests a potential upside of 20.88% from the company’s current price.
Shares of The Sage Group plc (LON:SGE) opened at 398.50 on Wednesday. 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 379.9 and its 200-day moving average is GBX 402.8. The company’s market cap is £4.375 billion.
Several other analysts have also 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. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 394 ($6.59).
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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