The Sage Group (SGE) Receives “Buy” Rating from Shore Capital

The Sage Group (LON:SGE)‘s stock had its “buy” rating reaffirmed by Shore Capital in a research report issued on Wednesday.

Several other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 830 ($11.26) target price on shares of The Sage Group in a research report on Monday, December 18th. Canaccord Genuity upped 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 report on Thursday, November 23rd. Numis Securities upped 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 report on Thursday, November 23rd. Bryan, Garnier & Co increased their price target on The Sage Group from GBX 830 ($11.26) to GBX 860 ($11.66) and gave the stock a “buy” rating in a research report on Thursday, November 23rd. Finally, Societe Generale increased their price target on The Sage Group from GBX 565 ($7.66) to GBX 643 ($8.72) and gave the stock a “sell” rating in a research report on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 774.08 ($10.50).

The Sage Group (SGE) traded up GBX 8 ($0.11) during midday trading on Wednesday, hitting 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 52-week low of GBX 594.99 ($8.07) and a 52-week high of GBX 825.20 ($11.19). The firm has a market cap of $8,200.00 and a P/E ratio of 3,160.83.

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

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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.

Analyst Recommendations for The Sage Group (LON:SGE)

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