The Sage Group plc (SGE) Price Target Increased to GBX 790 by Analysts at Credit Suisse Group
The Sage Group plc (LON:SGE) had its target price upped by Credit Suisse Group from GBX 700 ($9.21) to GBX 790 ($10.39) in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price target would suggest a potential downside of 2.29% from the company’s previous close.
SGE has been the topic of a number of other reports. Deutsche Bank AG lifted their target price on The Sage Group plc from GBX 700 ($9.21) to GBX 740 ($9.73) and gave the stock a “hold” rating in a research report on Friday, November 17th. Bryan, Garnier & Co raised The Sage Group plc to a “buy” rating and lifted their target price for the stock from GBX 720 ($9.47) to GBX 830 ($10.92) in a research report on Friday, September 22nd. Barclays PLC reissued an “equal weight” rating on shares of The Sage Group plc in a research report on Thursday. Canaccord Genuity reissued a “sell” rating and set a GBX 585 ($7.69) target price on shares of The Sage Group plc in a research report on Wednesday, July 26th. Finally, Numis Securities Ltd reissued 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. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price 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 1 year low of GBX 594.99 ($7.83) and a 1 year 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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