The Sage Group plc (SGE) Price Target Raised to GBX 690 at Bryan, Garnier & Co
The Sage Group plc (LON:SGE) had its price target upped by stock analysts at Bryan, Garnier & Co from GBX 600 ($7.43) to GBX 690 ($8.54) in a research report issued on Wednesday. The brokerage presently has a “sell” rating on the stock. Bryan, Garnier & Co’s price objective points to a potential downside of 6.38% from the stock’s current price.
A number of other equities analysts have also recently issued reports on SGE. Deutsche Bank AG restated a “buy” rating and set a GBX 760 ($9.41) target price on shares of The Sage Group plc in a research report on Wednesday, July 27th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 700 ($8.66) target price on shares of The Sage Group plc in a research report on Wednesday, July 27th. Canaccord Genuity boosted their price objective on shares of The Sage Group plc from GBX 620 ($7.67) to GBX 650 ($8.04) and gave the company a “hold” rating in a research report on Tuesday, July 26th. Panmure Gordon reissued a “hold” rating and issued a GBX 661 ($8.18) price objective on shares of The Sage Group plc in a research report on Friday, August 5th. Finally, Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 600 ($7.43) price objective on shares of The Sage Group plc in a research report on Friday, October 7th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 640.69 ($7.93).
The Sage Group plc (LON:SGE) opened at 732.6808 on Wednesday. The firm’s market cap is GBX 7.88 billion. The company’s 50 day moving average is GBX 734.38 and its 200 day moving average is GBX 663.22. The Sage Group plc has a 52-week low of GBX 516.50 and a 52-week high of GBX 761.00.
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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