The Sage Group plc (SGE) Given “Underperform” Rating at Credit Suisse Group AG
The Sage Group plc (LON:SGE)‘s stock had its “underperform” rating restated by equities researchers at Credit Suisse Group AG in a research note issued to investors on Friday. They currently have a GBX 600 ($7.83) target price on the stock. Credit Suisse Group AG’s target price indicates a potential downside of 19.08% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. Goldman Sachs Group Inc. lifted their price objective on The Sage Group plc from GBX 730 ($9.53) to GBX 850 ($11.10) and gave the company a “buy” rating in a research note on Tuesday, August 16th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 760 ($9.92) price objective on shares of The Sage Group plc in a research note on Tuesday, August 2nd. BNP Paribas reiterated a “neutral” rating and issued a GBX 580 ($7.57) price objective on shares of The Sage Group plc in a research note on Monday, June 27th. Numis Securities Ltd cut The Sage Group plc to a “hold” rating and lifted their price objective for the company from GBX 665 ($8.68) to GBX 718 ($9.37) in a research note on Monday, July 25th. Finally, Panmure Gordon reiterated a “hold” rating and issued a GBX 614 ($8.01) price objective on shares of The Sage Group plc in a research note on Wednesday, July 20th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The Sage Group plc presently has an average rating of “Hold” and a consensus target price of GBX 635.06 ($8.29).
Shares of The Sage Group plc (LON:SGE) traded up 0.20% during trading on Friday, reaching GBX 741.50. 3,937,794 shares of the company traded hands. The Sage Group plc has a 1-year low of GBX 516.50 and a 1-year high of GBX 761.00. The stock’s 50 day moving average is GBX 734.03 and its 200 day moving average is GBX 660.90. The company’s market capitalization is GBX 7.97 billion.
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The Sage Group plc Company Profile
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence.
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