The Sage Group plc’s (SGE) “Add” Rating Reaffirmed at Numis Securities Ltd
The Sage Group plc (LON:SGE)‘s stock had its “add” rating reiterated by equities researchers at Numis Securities Ltd in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a GBX 813 ($10.96) target price on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 14.27% from the company’s current price.
SGE has been the subject of several other reports. Canaccord Genuity restated a “sell” rating and set a GBX 585 ($7.89) price target on shares of The Sage Group plc in a research report on Wednesday, July 26th. J P Morgan Chase & Co restated an “overweight” rating on shares of The Sage Group plc in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a GBX 860 ($11.59) price target on shares of The Sage Group plc in a research report on Tuesday, July 11th. Barclays PLC upgraded The Sage Group plc to an “equal weight” rating and set a GBX 685 ($9.24) price target for the company in a research report on Thursday, September 14th. Finally, Deutsche Bank AG raised their price target on The Sage Group plc from GBX 650 ($8.76) to GBX 700 ($9.44) and gave the stock a “hold” rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The Sage Group plc currently has an average rating of “Hold” and an average target price of GBX 712.14 ($9.60).
Shares of The Sage Group plc (SGE) traded up 1.07% during midday trading on Tuesday, reaching GBX 711.50. The company’s stock had a trading volume of 1,771,687 shares. The company’s market capitalization is GBX 7.69 billion. The Sage Group plc has a one year low of GBX 594.99 and a one year high of GBX 807.49. The stock’s 50-day moving average is GBX 691.80 and its 200-day moving average is GBX 680.13.
In other news, insider Steve Hare sold 93,136 shares of The Sage Group plc stock in a transaction dated Friday, August 4th. The stock was sold at an average price of GBX 681 ($9.18), for a total transaction of £634,256.16 ($855,138.41).
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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