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.

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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.

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

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