The Sage Group plc (SGE) Given Consensus Rating of “Hold” by Brokerages
Shares of The Sage Group plc (LON:SGE) have received a consensus recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 762.46 ($10.21).
Several brokerages recently issued reports on SGE. Goldman Sachs Group reissued a “conviction-buy” rating and set a GBX 825 ($11.05) price objective on shares of The Sage Group in a research note on Tuesday, August 22nd. Numis Securities reissued an “add” rating and set a GBX 813 ($10.89) price objective on shares of The Sage Group in a research note on Tuesday, September 19th. Barclays raised shares of The Sage Group to an “equal weight” rating and set a GBX 685 ($9.17) price objective on the stock in a research note on Thursday, September 14th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 780 ($10.45) price objective on shares of The Sage Group in a research note on Wednesday, September 6th. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 740 ($9.91) price objective on shares of The Sage Group in a research note on Thursday, November 23rd.
Shares of The Sage Group (SGE) traded down GBX 6.50 ($0.09) on Friday, hitting GBX 768 ($10.29). 3,035,309 shares of the company traded hands, compared to its average volume of 2,620,000. The Sage Group has a fifty-two week low of GBX 594.99 ($7.97) and a fifty-two week high of GBX 820 ($10.98).
The Sage Group 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.
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