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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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.

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

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