Credit Suisse Trims The Sage Group plc Target Price to GBX 355 (SGE)
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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