The Sage Group plc (SGE) PT Raised to GBX 490
The Sage Group plc (LON:SGE) had its target price lifted by stock analysts at Morgan Stanley from GBX 470 ($6.13) to GBX 490 ($6.40) in a research note issued to investors on Wednesday. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 33.24% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 760 ($9.92) target price on shares of The Sage Group plc in a research report on Wednesday, July 27th. Jefferies Group reiterated a “buy” rating and issued a GBX 735 ($9.59) target price on shares of The Sage Group plc in a research report on Wednesday, July 27th. Goldman Sachs Group Inc. increased their target price on The Sage Group plc from GBX 730 ($9.53) to GBX 850 ($11.10) and gave the company a “buy” rating in a research report on Tuesday, August 16th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 620 ($8.09) target price on shares of The Sage Group plc in a research report on Tuesday, June 7th. Finally, Numis Securities Ltd cut The Sage Group plc to a “hold” rating and increased their price target for the company from GBX 665 ($8.68) to GBX 718 ($9.37) in a research note on Monday, July 25th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 635.06 ($8.29).
Shares of The Sage Group plc (LON:SGE) opened at 731.9193 on Wednesday. The company’s market cap is GBX 7.87 billion. The Sage Group plc has a 1-year low of GBX 501.00 and a 1-year high of GBX 747.50. The firm has a 50-day moving average price of GBX 732.16 and a 200 day moving average price of GBX 655.34.
The Sage Group plc Company Profile
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence.
Receive News & Stock Ratings for The Sage Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group plc and related stocks with our FREE daily email newsletter.