The Sage Group plc Rating Reiterated by Canaccord Genuity (SGE)
The Sage Group plc (LON:SGE)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Thursday. They currently have a GBX 422 ($6.98) target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 6.43% from the company’s current price.
A number of other analysts have also recently weighed in on SGE. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of The Sage Group plc in a research note on Wednesday, August 20th. They now have a GBX 480 ($7.94) price target on the stock. Separately, 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 ($6.74) price target on the stock. Finally, 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 ($7.86) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 398.39 ($6.59).
Shares of The Sage Group plc (LON:SGE) opened at 394.40 on Thursday. The Sage Group plc has a 1-year low of GBX 311.60 and a 1-year high of GBX 438.90. The stock’s 50-day moving average is GBX 381.8 and its 200-day moving average is GBX 402.2. The company’s market cap is £4.330 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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