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.

TRADEMARK VIOLATION WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/07/22/the-sage-group-plc-sge-upgraded-to-conviction-buy-by-goldman-sachs-group-inc-the.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.

Analyst Recommendations for The Sage Group plc (LON:SGE)

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.