The Sage Group plc (SGE) Receives Average Recommendation of “Hold” from Analysts
Shares of The Sage Group plc (LON:SGE) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 778.50 ($10.41).
Several equities research analysts have recently issued reports on SGE shares. Numis Securities restated an “add” rating and issued a GBX 813 ($10.87) target price on shares of The Sage Group in a report on Tuesday, September 19th. Jefferies Group raised their target price on shares of The Sage Group from GBX 770 ($10.30) to GBX 880 ($11.77) and gave the stock a “buy” rating in a report on Monday, November 20th. Goldman Sachs Group restated a “buy” rating and issued a GBX 850 ($11.37) target price on shares of The Sage Group in a report on Thursday, November 16th. Bryan, Garnier & Co upgraded shares of The Sage Group to a “buy” rating and raised their target price for the stock from GBX 720 ($9.63) to GBX 830 ($11.10) in a report on Friday, September 22nd. Finally, Barclays restated an “equal weight” rating on shares of The Sage Group in a report on Thursday, November 23rd.
Shares of The Sage Group (LON:SGE) remained flat at $GBX 795.50 ($10.64) during trading hours on Tuesday. The Sage Group has a 52-week low of GBX 594.99 ($7.96) and a 52-week high of GBX 820 ($10.96). The firm has a market capitalization of $8,600.00 and a P/E ratio of 3,314.58.
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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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