Jefferies Financial Group Lowers The Sage Group (LON:SGE) Price Target to GBX 1,100

The Sage Group (LON:SGE) had its price target lowered by Jefferies Financial Group from GBX 1,350 to GBX 1,100 in a report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 35.14% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group raised shares of The Sage Group to a “buy” rating and boosted their target price for the stock from GBX 1,100 to GBX 1,135 in a research report on Monday, February 2nd. JPMorgan Chase & Co. reduced their price target on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a report on Thursday, December 4th. Citigroup decreased their price target on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,189.17.

The Sage Group Stock Performance

Shares of LON SGE opened at GBX 814 on Tuesday. The Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,335. The company has a market cap of £7.62 billion, a P/E ratio of 21.91, a P/E/G ratio of 1.22 and a beta of 0.35. The business’s 50 day moving average is GBX 875.70 and its two-hundred day moving average is GBX 1,021.11. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 219.31.

Insider Activity at The Sage Group

In other The Sage Group news, insider Lori Mitchell- Keller purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of GBX 839 per share, for a total transaction of £83,900. Also, insider Derek Harding purchased 10,000 shares of the stock in a transaction on Monday, February 9th. The stock was acquired at an average cost of GBX 864 per share, for a total transaction of £86,400. Over the last ninety days, insiders bought 55,000 shares of company stock worth $45,415,000. 1.00% of the stock is owned by corporate insiders.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.