The Sage Group plc (SGE) Price Target Raised to GBX 690 at Bryan, Garnier & Co
The Sage Group plc (LON:SGE) had its price target upped by equities research analysts at Bryan, Garnier & Co from GBX 600 ($7.43) to GBX 690 ($8.54) in a research note issued to investors on Wednesday. The brokerage currently has a “sell” rating on the stock. Bryan, Garnier & Co’s target price points to a potential downside of 6.38% from the company’s current price.
A number of other equities analysts have also issued reports on the stock. 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 research report on Friday, October 7th. Morgan Stanley boosted 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 research report on Wednesday, September 28th. Goldman Sachs Group Inc. boosted 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 research 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 research report on Monday, August 15th. Finally, Panmure Gordon reaffirmed a “hold” rating and set a GBX 661 ($8.18) target price 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 assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 640.69 ($7.93).
The Sage Group plc (LON:SGE) opened at 732.6808 on Wednesday. The Sage Group plc has a 52 week low of GBX 516.50 and a 52 week high of GBX 761.00. The stock’s market capitalization is GBX 7.88 billion. The stock has a 50 day moving average of GBX 734.38 and a 200 day moving average of GBX 663.22.
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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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