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Equities research analysts at Credit Suisse dropped their target price on shares of The Sage Group plc (LON:SGE) from GBX 360 ($5.97) to GBX 355 ($5.89) in a research note issued to investors on Thursday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price target would indicate a potential downside of 11.58% from the stock’s previous close.

The Sage Group plc (LON:SGE) opened at 398.60 on Thursday. The Sage Group plc has a 52 week low of GBX 311.60 and a 52 week high of GBX 438.90. The stock has a 50-day moving average of GBX 384.5 and a 200-day moving average of GBX 401.4. The company’s market cap is £4.376 billion.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of The Sage Group plc in a research note on Thursday, August 28th. They now have a GBX 422 ($7.00) price target on the stock. Separately, 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 ($7.97) price target on the stock. Finally, 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 ($6.75) price target on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 398.11 ($6.61).

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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