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.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/27/the-sage-group-sge-earns-hold-rating-from-deutsche-bank.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.
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.