Societe Generale Increases The Sage Group plc (SGE) Price Target to GBX 643
The Sage Group plc (LON:SGE) had its target price hoisted by research analysts at Societe Generale from GBX 565 ($7.43) to GBX 643 ($8.46) in a research note issued on Thursday. The brokerage currently has a “sell” rating on the stock. Societe Generale’s price target points to a potential downside of 20.47% from the stock’s previous close.
SGE has been the subject of several other reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a GBX 850 ($11.18) price objective on shares of The Sage Group plc in a report on Thursday, November 16th. Jefferies Group LLC lifted their price objective on The Sage Group plc from GBX 770 ($10.13) to GBX 880 ($11.57) and gave the company a “buy” rating in a report on Monday. Numis Securities Ltd upgraded The Sage Group plc to an “add” rating and lifted their price objective for the company from GBX 756 ($9.94) to GBX 813 ($10.69) in a report on Wednesday, July 26th. 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. Finally, Barclays PLC restated an “equal weight” rating on shares of The Sage Group plc in a report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 753.29 ($9.91).
Shares of The Sage Group plc (SGE) opened at GBX 808.50 ($10.63) on Thursday. The Sage Group plc has a fifty-two week low of GBX 594.99 ($7.83) and a fifty-two week high of GBX 807.49 ($10.62).
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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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