The Sage Group plc (SGE) Given Average Recommendation of “Hold” by Brokerages
The Sage Group plc (LON:SGE) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 700 ($9.04).
Several research analysts have commented on SGE shares. Canaccord Genuity reissued a “sell” rating and set a GBX 585 ($7.56) target price on shares of The Sage Group plc in a research note on Wednesday, July 26th. J P Morgan Chase & Co reissued an “overweight” rating on shares of The Sage Group plc in a research note on Wednesday, June 21st. Numis Securities Ltd raised The Sage Group plc to an “add” rating and boosted their target price for the stock from GBX 756 ($9.76) to GBX 813 ($10.50) in a research note on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 860 ($11.11) target price on shares of The Sage Group plc in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG boosted their target price on The Sage Group plc from GBX 650 ($8.39) to GBX 700 ($9.04) and gave the stock a “hold” rating in a research note on Thursday, July 27th.
In other The Sage Group plc news, insider Steve Hare sold 93,136 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of GBX 681 ($8.80), for a total transaction of £634,256.16 ($819,134.91).
The Sage Group plc (LON SGE) traded down 1.88% during midday trading on Friday, reaching GBX 703.00. 3,568,433 shares of the company’s stock traded hands. The Sage Group plc has a 52-week low of GBX 594.99 and a 52-week high of GBX 807.49. The stock has a 50-day moving average of GBX 690.55 and a 200 day moving average of GBX 679.00. The company’s market cap is GBX 7.60 billion.
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.
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.