The Sage Group plc (SGE) Receives Average Rating of “Hold” from Brokerages

Shares of The Sage Group plc (LON:SGE) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 778.50 ($10.56).

A number of analysts have issued reports on the company. Canaccord Genuity lifted their price objective on The Sage Group from GBX 585 ($7.93) to GBX 636 ($8.62) and gave the stock a “sell” rating in a research note on Thursday, November 23rd. Numis Securities lifted their price objective on The Sage Group from GBX 813 ($11.03) to GBX 861 ($11.68) and gave the stock an “add” rating in a research note on Thursday, November 23rd. Bryan, Garnier & Co boosted their target price on The Sage Group from GBX 830 ($11.26) to GBX 860 ($11.66) and gave the company a “buy” rating in a research report on Thursday, November 23rd. Societe Generale boosted their target price on The Sage Group from GBX 565 ($7.66) to GBX 643 ($8.72) and gave the company a “sell” rating in a research report on Thursday, November 23rd. Finally, Credit Suisse Group boosted their target price on The Sage Group from GBX 700 ($9.49) to GBX 790 ($10.71) and gave the company a “neutral” rating in a research report on Thursday, November 23rd.

The Sage Group (LON:SGE) traded up GBX 9 ($0.12) during trading hours on Friday, reaching GBX 818.60 ($11.10). The company’s stock had a trading volume of 3,360,987 shares, compared to its average volume of 2,250,000. The Sage Group has a 1-year low of GBX 594.99 ($8.07) and a 1-year high of GBX 824 ($11.17). The company has a market cap of $8,850.00 and a P/E ratio of 3,410.83.

The firm also recently disclosed a dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 8th will be issued a dividend of GBX 10.20 ($0.14) per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a yield of 1.27%. This is a boost from The Sage Group’s previous dividend of $5.22.

TRADEMARK VIOLATION WARNING: “The Sage Group plc (SGE) Receives Average Rating of “Hold” from Brokerages” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/20/the-sage-group-plc-sge-receives-average-rating-of-hold-from-brokerages.html.

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.

Analyst Recommendations for The Sage Group (LON:SGE)

Receive News & Ratings for The Sage Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply