Steve Hare Sells 93,136 Shares of The Sage Group plc (SGE) Stock
The Sage Group plc (LON:SGE) insider Steve Hare sold 93,136 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of GBX 681 ($8.87), for a total transaction of £634,256.16 ($825,961.92).
The Sage Group plc (SGE) traded down 0.44% during mid-day trading on Monday, hitting GBX 686.00. 1,021,004 shares of the stock traded hands. The company has a 50-day moving average of GBX 690.16 and a 200 day moving average of GBX 666.67. The Sage Group plc has a 1-year low of GBX 594.99 and a 1-year high of GBX 807.49. The firm’s market capitalization is GBX 7.40 billion.
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SGE has been the subject of several analyst reports. Barclays PLC restated an “underweight” rating and set a GBX 540 ($7.03) price target on shares of The Sage Group plc in a report on Tuesday, April 11th. Credit Suisse Group restated an “underperform” rating and set a GBX 600 ($7.81) price target on shares of The Sage Group plc in a report on Wednesday, April 19th. Numis Securities Ltd restated an “add” rating and set a GBX 765 ($9.96) price target on shares of The Sage Group plc in a report on Wednesday, May 3rd. Citigroup Inc. restated a “buy” rating and set a GBX 780 ($10.16) price target on shares of The Sage Group plc in a report on Thursday, May 4th. Finally, Deutsche Bank AG raised their price target on shares of The Sage Group plc from GBX 615 ($8.01) to GBX 650 ($8.46) and gave the stock a “hold” rating in a report on Thursday, May 4th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 692.14 ($9.01).
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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