The Sage Group plc (SGE) Receives Average Recommendation of “Hold” from Brokerages
Shares of The Sage Group plc (LON:SGE) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 739.58 ($9.72).
A number of equities research analysts have recently weighed in on SGE shares. Numis Securities Ltd upgraded shares of The Sage Group plc to an “add” rating and boosted their price objective for the stock from GBX 756 ($9.94) to GBX 813 ($10.69) in a report on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a GBX 825 ($10.85) price objective on shares of The Sage Group plc in a report on Tuesday, August 22nd. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 780 ($10.26) price objective on shares of The Sage Group plc in a report on Wednesday, September 6th. Barclays PLC restated an “equal weight” rating on shares of The Sage Group plc in a report on Thursday. Finally, Deutsche Bank AG boosted their price objective on shares of The Sage Group plc from GBX 650 ($8.55) to GBX 700 ($9.20) and gave the stock a “hold” rating in a report on Thursday, July 27th.
In related news, insider Steve Hare sold 93,136 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of GBX 681 ($8.95), for a total transaction of £634,256.16 ($833,889.25).
Shares of The Sage Group plc (LON:SGE) traded up 1.32% during trading on Thursday, reaching GBX 730.00. 1,352,549 shares of the company traded hands. The Sage Group plc has a 12-month low of GBX 594.99 and a 12-month high of GBX 807.49. The stock’s market capitalization is GBX 7.88 billion. The firm’s 50-day moving average is GBX 703.97 and its 200-day moving average is GBX 688.47.
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.
Receive News & Ratings for The Sage Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group plc and related companies with MarketBeat.com's FREE daily email newsletter.