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.

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

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