The Sage Group plc (SGE) PT Raised to GBX 540
The Sage Group plc (LON:SGE) had its target price lifted by equities researchers at Barclays PLC from GBX 475 ($5.79) to GBX 540 ($6.58) in a research note issued on Monday. The firm presently has an “underweight” rating on the stock. Barclays PLC’s price target points to a potential downside of 25.88% from the company’s previous close.
SGE has been the topic of several other reports. Bryan, Garnier & Co upped their target price on shares of The Sage Group plc from GBX 600 ($7.31) to GBX 690 ($8.41) and gave the stock a “sell” rating in a research report on Wednesday, October 12th. Credit Suisse Group AG restated an “underperform” rating and set a GBX 600 ($7.31) target price on shares of The Sage Group plc in a research report on Thursday, July 14th. Canaccord Genuity upped their target price on shares of The Sage Group plc from GBX 620 ($7.56) to GBX 650 ($7.92) and gave the stock a “hold” rating in a research report on Tuesday, July 26th. Goldman Sachs Group Inc. upped their target price on shares of The Sage Group plc from GBX 730 ($8.90) to GBX 850 ($10.36) and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Panmure Gordon restated a “hold” rating and set a GBX 614 ($7.48) target price on shares of The Sage Group plc in a research report on Friday, July 1st. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 644.75 ($7.86).
Shares of The Sage Group plc (LON:SGE) opened at 725.50 on Monday. The Sage Group plc has a 52-week low of GBX 524.00 and a 52-week high of GBX 761.00. The stock’s market cap is GBX 7.80 billion. The stock’s 50 day moving average is GBX 734.29 and its 200 day moving average is GBX 666.15.
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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