The Sage Group plc (SGE) Given Consensus Recommendation of “Hold” by Analysts
Shares of The Sage Group plc (LON:SGE) have been given an average recommendation of “Hold” by the fifteen research firms that are presently covering the company. Five analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 675.53 ($8.72).
A number of brokerages recently issued reports on SGE. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 615 ($7.94) target price on shares of The Sage Group plc in a research report on Friday, April 7th. Citigroup Inc reiterated a “buy” rating and issued a GBX 780 ($10.07) target price on shares of The Sage Group plc in a research report on Thursday, May 4th. Goldman Sachs Group Inc reiterated a “buy” rating and issued a GBX 860 ($11.10) target price on shares of The Sage Group plc in a research report on Thursday, May 4th. Barclays PLC reiterated an “underweight” rating and issued a GBX 540 ($6.97) target price on shares of The Sage Group plc in a research report on Tuesday, April 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of The Sage Group plc from GBX 730 ($9.42) to GBX 780 ($10.07) and gave the company an “overweight” rating in a research report on Thursday, May 4th.
Shares of The Sage Group plc (LON:SGE) traded down 0.15% during mid-day trading on Monday, hitting GBX 688.50. 2,284,069 shares of the company traded hands. The Sage Group plc has a 52-week low of GBX 573.00 and a 52-week high of GBX 807.49. The firm’s market cap is GBX 7.43 billion. The firm has a 50-day moving average price of GBX 658.54 and a 200 day moving average price of GBX 654.63.
The company also recently disclosed a dividend, which will be paid on Friday, June 2nd. Shareholders of record on Thursday, May 11th will be paid a dividend of GBX 5.22 ($0.07) per share. This represents a yield of 0.74%. The ex-dividend date is Thursday, May 11th.
TRADEMARK VIOLATION WARNING: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/05/15/the-sage-group-plc-sge-given-consensus-recommendation-of-hold-by-analysts.html.
About The Sage Group plc
The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.
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.