The Sage Group plc (SGE) Given Hold Rating at Deutsche Bank AG
The Sage Group plc (LON:SGE)‘s stock had its “hold” rating reiterated by Deutsche Bank AG in a report released on Friday. They currently have a GBX 650 ($8.49) target price on the stock. Deutsche Bank AG’s price target would indicate a potential downside of 6.00% from the company’s current price.
A number of other equities analysts also recently issued reports on the stock. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 780 ($10.19) price objective on shares of The Sage Group plc in a report on Monday, June 5th. Numis Securities Ltd downgraded shares of The Sage Group plc to a “hold” rating and cut their price objective for the stock from GBX 765 ($9.99) to GBX 756 ($9.87) in a report on Monday, June 5th. Credit Suisse Group lifted their price objective on shares of The Sage Group plc from GBX 600 ($7.83) to GBX 620 ($8.10) and gave the stock an “underperform” rating in a report on Thursday, May 4th. 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, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 860 ($11.23) price objective on shares of The Sage Group plc in a report on Monday, June 5th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The Sage Group plc has a consensus rating of “Hold” and an average target price of GBX 682.93 ($8.92).
Shares of The Sage Group plc (LON SGE) opened at 691.50 on Friday. 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 capitalization is GBX 7.46 billion. The firm’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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