The Sage Group plc (SGE) Receives “Underperform” Rating from Credit Suisse Group AG
Credit Suisse Group AG restated their underperform rating on shares of The Sage Group plc (LON:SGE) in a research note published on Friday morning. The firm currently has a GBX 600 ($7.83) price objective on the stock.
A number of other brokerages have also commented on SGE. Numis Securities Ltd lowered The Sage Group plc to a hold rating and raised their price target for the company from GBX 665 ($8.68) to GBX 718 ($9.37) in a report on Monday, July 25th. Panmure Gordon reaffirmed a hold rating and set a GBX 661 ($8.63) target price on shares of The Sage Group plc in a report on Friday, August 5th. Jefferies Group reaffirmed a buy rating and set a GBX 735 ($9.59) target price on shares of The Sage Group plc in a report on Wednesday, July 27th. BNP Paribas reaffirmed a neutral rating and set a GBX 580 ($7.57) target price on shares of The Sage Group plc in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating on shares of The Sage Group plc in a report on Tuesday, June 21st. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The Sage Group plc currently has an average rating of Hold and an average target price of GBX 635.06 ($8.29).
Shares of The Sage Group plc (LON:SGE) traded down 0.07% on Friday, hitting GBX 741.00. 1,665,377 shares of the stock traded hands. The stock’s market cap is GBX 7.97 billion. The Sage Group plc has a one year low of GBX 516.50 and a one year high of GBX 761.00. The company’s 50 day moving average is GBX 734.03 and its 200 day moving average is GBX 660.90.
About The Sage Group plc
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.
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