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.

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

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