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.

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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.

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

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