The Sage Group (LON:SGE) was downgraded by equities research analysts at Numis Securities to a “hold” rating in a report issued on Thursday. They presently have a GBX 855 ($11.59) target price on the stock. Numis Securities’ price objective would indicate a potential upside of 12.71% from the stock’s previous close.
SGE has been the subject of several other research reports. Jefferies Group increased 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 restated a “buy” rating and set a GBX 850 ($11.53) target price on shares of The Sage Group in a research note on Thursday, November 16th. Credit Suisse Group restated a “neutral” rating and set a GBX 700 ($9.49) target price on shares of The Sage Group in a research note on Tuesday, October 10th. Deutsche Bank increased their target price on The Sage Group from GBX 700 ($9.49) to GBX 740 ($10.04) and gave the company a “hold” rating in a research note on Friday, November 17th. Finally, Canaccord Genuity increased their target price on The Sage Group from GBX 585 ($7.93) to GBX 636 ($8.62) and gave the company a “sell” rating in a research note on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The Sage Group presently has an average rating of “Hold” and an average target price of GBX 774.08 ($10.50).
Shares of The Sage Group (LON:SGE) traded up GBX 8 ($0.11) during trading hours on Thursday, reaching GBX 758.60 ($10.29). The company had a trading volume of 4,942,769 shares, compared to its average volume of 2,630,000. The Sage Group has a 1 year low of GBX 594.99 ($8.07) and a 1 year high of GBX 825.20 ($11.19). The company has a market cap of $8,200.00 and a P/E ratio of 3,160.83.
About The Sage Group
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.