The Sage Group plc (SGE) Upgraded to “Conviction-Buy” by Goldman Sachs Group, Inc. (The)
The Sage Group plc (LON:SGE) was upgraded by research analysts at Goldman Sachs Group, Inc. (The) to a “conviction-buy” rating in a research note issued on Friday, MarketBeat Ratings reports. The firm presently has a GBX 860 ($11.23) price objective on the stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential upside of 24.37% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the stock. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 650 ($8.49) price objective on shares of The Sage Group plc in a report on Friday. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of The Sage Group plc in a report on Wednesday, June 21st. Numis Securities Ltd lowered shares of The Sage Group plc to a “hold” rating and cut their price objective for the company from GBX 765 ($9.99) to GBX 756 ($9.87) in a report on Monday, June 5th. Canaccord Genuity reaffirmed a “sell” rating and set a GBX 585 ($7.64) price objective on shares of The Sage Group plc in a report on Thursday, May 4th. Finally, Credit Suisse Group AG increased their price objective on shares of The Sage Group plc from GBX 600 ($7.83) to GBX 620 ($8.10) and gave the company an “underperform” rating in a report on Thursday, May 4th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The Sage Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 682.93 ($8.92).
The Sage Group plc (SGE) traded down 0.07% during trading on Friday, reaching GBX 691.50. 2,937,041 shares of the company’s stock were exchanged. The Sage Group plc has a 12-month low of GBX 594.99 and a 12-month high of GBX 807.49. The company’s market cap is GBX 7.46 billion. The stock’s 50-day moving average is GBX 694.87 and its 200-day moving average is GBX 665.31.
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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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