The Sage Group (SGE) Earns “Hold” Rating from Deutsche Bank

The Sage Group (LON:SGE)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Thursday. They presently have a GBX 740 ($10.04) price objective on the stock. Deutsche Bank’s target price would suggest a potential downside of 2.45% from the stock’s current price.

A number of other research firms have also weighed in on SGE. Numis Securities boosted their target price on The Sage Group from GBX 813 ($11.03) to GBX 861 ($11.68) and gave the company an “add” rating in a research note on Thursday, November 23rd. Shore Capital reissued a “buy” rating on shares of The Sage Group in a research note on Wednesday. Jefferies Group boosted their target price on The Sage Group from GBX 770 ($10.44) to GBX 880 ($11.93) and gave the company a “buy” rating in a research note on Monday, November 20th. Goldman Sachs Group reissued a “buy” rating and issued a GBX 850 ($11.53) target price on shares of The Sage Group in a research note on Thursday, November 16th. Finally, 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 note on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 774.08 ($10.50).

Shares of The Sage Group (SGE) traded up GBX 8 ($0.11) during mid-day trading on Thursday, reaching GBX 758.60 ($10.29). The company’s stock had a trading volume of 4,942,769 shares, compared to its average volume of 2,630,000. The Sage Group has a 52-week low of GBX 594.99 ($8.07) and a 52-week high of GBX 825.20 ($11.19). The company has a market capitalization of $8,200.00 and a price-to-earnings ratio of 3,160.83.

In related news, insider Steve Hare sold 88,880 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of GBX 759 ($10.29), for a total transaction of £674,599.20 ($914,834.83).

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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.

Analyst Recommendations for The Sage Group (LON:SGE)

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