The Sage Group plc (LON:SGE) Receives Average Rating of “Hold” from Analysts
The Sage Group plc (LON:SGE) has been given a consensus rating of “Hold” by the fifteen research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 667.43 ($8.65).
Several equities research analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 860 ($11.14) price objective on shares of The Sage Group plc in a research note on Monday, June 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 780 ($10.10) price objective on shares of The Sage Group plc in a research note on Monday, June 5th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 650 ($8.42) price objective on shares of The Sage Group plc in a research note on Monday, June 5th. Numis Securities Ltd lowered The Sage Group plc to a “hold” rating and lowered their price objective for the company from GBX 765 ($9.91) to GBX 756 ($9.79) in a research note on Monday, June 5th. Finally, Credit Suisse Group raised their price objective on The Sage Group plc from GBX 600 ($7.77) to GBX 620 ($8.03) and gave the company an “underperform” rating in a research note on Thursday, May 4th.
Shares of The Sage Group plc (LON:SGE) traded down 0.51% during mid-day trading on Tuesday, reaching GBX 677.00. The company’s stock had a trading volume of 1,962,790 shares. The company has a 50-day moving average price of GBX 704.15 and a 200 day moving average price of GBX 662.18. The Sage Group plc has a 52-week low of GBX 594.99 and a 52-week high of GBX 807.49. The company’s market cap is GBX 7.30 billion.
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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.
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