The Sage Group plc (SGE) Price Target Increased to GBX 690 by Analysts at Bryan, Garnier & Co
The Sage Group plc (LON:SGE) had its price objective upped by investment analysts at Bryan, Garnier & Co from GBX 600 ($7.43) to GBX 690 ($8.54) in a report issued on Wednesday. The firm currently has a “sell” rating on the stock. Bryan, Garnier & Co’s price target would indicate a potential downside of 6.38% from the stock’s current price.
A number of other research firms have also commented on SGE. Goldman Sachs Group Inc. lifted their target price on shares of The Sage Group plc from GBX 730 ($9.03) to GBX 850 ($10.52) and gave the stock a “buy” rating in a report on Tuesday, August 16th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 760 ($9.41) target price on shares of The Sage Group plc in a report on Monday, August 15th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 600 ($7.43) target price on shares of The Sage Group plc in a report on Friday, October 7th. Morgan Stanley lifted their target price on shares of The Sage Group plc from GBX 470 ($5.82) to GBX 490 ($6.06) and gave the stock an “underweight” rating in a report on Wednesday, September 28th. Finally, Panmure Gordon reissued a “hold” rating and set a GBX 661 ($8.18) price target on shares of The Sage Group plc in a research report on Friday, August 5th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 640.69 ($7.93).
Shares of The Sage Group plc (LON:SGE) opened at 733.00 on Wednesday. The firm’s 50-day moving average price is GBX 734.38 and its 200-day moving average price is GBX 663.22. The stock’s market cap is GBX 7.88 billion. The Sage Group plc has a 52-week low of GBX 516.50 and a 52-week high of GBX 761.00.
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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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