The Sage Group plc’s (SGE) Equal weight Rating Reiterated at Barclays PLC
The Sage Group plc (LON:SGE)‘s stock had its “equal weight” rating reissued by equities researchers at Barclays PLC in a report released on Thursday.
Other equities research analysts have also issued research reports about the stock. Deutsche Bank AG reissued a “hold” rating and set a GBX 650 ($8.55) price objective on shares of The Sage Group plc in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) upgraded shares of The Sage Group plc to a “conviction-buy” rating and set a GBX 860 ($11.31) target price on the stock in a research report on Friday, July 21st. Numis Securities Ltd restated an “add” rating and set a GBX 813 ($10.69) target price on shares of The Sage Group plc in a research report on Tuesday, September 19th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 780 ($10.26) target price on shares of The Sage Group plc in a research report on Wednesday, September 6th. Finally, Credit Suisse Group restated a “neutral” rating and set a GBX 700 ($9.20) target price on shares of The Sage Group plc in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 735.38 ($9.67).
Shares of The Sage Group plc (SGE) traded down 0.55% during mid-day trading on Thursday, reaching GBX 726.00. 1,340,179 shares of the company traded hands. The Sage Group plc has a 52-week low of GBX 594.99 and a 52-week high of GBX 807.49. The stock’s market capitalization is GBX 7.85 billion. The stock’s 50 day moving average is GBX 705.30 and its 200 day moving average is GBX 689.48.
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In other The Sage Group plc news, insider Steve Hare sold 93,136 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of GBX 681 ($8.95), for a total transaction of £634,256.16 ($833,889.25).
About The Sage Group plc
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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