The Sage Group plc (SGE) Price Target Increased to GBX 540 by Analysts at Barclays PLC
The Sage Group plc (LON:SGE) had its price target lifted by Barclays PLC from GBX 475 ($5.88) to GBX 540 ($6.68) in a report released on Monday. The firm presently has an “underweight” rating on the stock. Barclays PLC’s target price indicates a potential downside of 26.16% from the stock’s current price.
Several other analysts also recently issued reports on SGE. Deutsche Bank AG reissued a “buy” rating and issued a GBX 760 ($9.41) price objective on shares of The Sage Group plc in a research note on Wednesday, July 27th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 700 ($8.66) price objective on shares of The Sage Group plc in a research note on Wednesday, July 27th. Canaccord Genuity boosted their price objective on shares of The Sage Group plc from GBX 620 ($7.67) to GBX 650 ($8.04) and gave the stock a “hold” rating in a research note on Tuesday, July 26th. Panmure Gordon reissued a “hold” rating and issued a GBX 661 ($8.18) price objective on shares of The Sage Group plc in a research note on Friday, August 5th. Finally, Bryan, Garnier & Co lifted their price target on shares of The Sage Group plc from GBX 600 ($7.43) to GBX 690 ($8.54) and gave the stock a “sell” rating in a report on Wednesday, October 12th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 644.75 ($7.98).
Shares of The Sage Group plc (LON:SGE) opened at 723.00 on Monday. The company has a 50 day moving average price of GBX 734.14 and a 200 day moving average price of GBX 664.58. The Sage Group plc has a 1-year low of GBX 522.00 and a 1-year high of GBX 761.00. The stock’s market cap is GBX 7.78 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/the-sage-group-plc-sge-price-target-increased-to-gbx-540-by-analysts-at-barclays-plc.html
About The Sage Group plc
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.
Receive News & Ratings for The Sage Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group plc and related companies with MarketBeat.com's FREE daily email newsletter.