The Sage Group plc (SGE) Raised to Equal weight at Barclays PLC
The Sage Group plc (LON:SGE) was upgraded by research analysts at Barclays PLC to an “equal weight” rating in a report released on Thursday. The brokerage currently has a GBX 685 ($8.85) target price on the stock. Barclays PLC’s target price suggests a potential downside of 2.56% from the company’s previous close.
SGE has been the topic of several other research reports. Canaccord Genuity reissued a “sell” rating and issued a GBX 585 ($7.56) price objective 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 increased their price objective 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 issued a GBX 860 ($11.11) price objective on shares of The Sage Group plc in a research note on Tuesday, July 11th. Finally, Deutsche Bank AG increased their price objective 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. Four analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 700 ($9.04).
The Sage Group plc (LON:SGE) traded down 1.88% on Thursday, hitting GBX 703.00. The stock had a trading volume of 3,568,433 shares. The stock’s 50-day moving average is GBX 690.55 and its 200 day moving average is GBX 679.00. 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 7.59 billion.
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In other news, insider Steve Hare sold 93,136 shares of the stock in a transaction on Friday, August 4th. The stock was 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 Company Profile
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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