The Sage Group plc (SGE) Given Average Rating of “Hold” by Analysts
Shares of The Sage Group plc (LON:SGE) have earned an average recommendation of “Hold” from the seventeen analysts that are currently covering the company. Seven research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 649.07 ($8.11).
Several equities research analysts recently issued reports on SGE shares. BNP Paribas downgraded The Sage Group plc to a “sell” rating in a research note on Friday, October 21st. Goldman Sachs Group Inc. increased their price objective on The Sage Group plc from GBX 730 ($9.12) to GBX 850 ($10.62) and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Numis Securities Ltd downgraded The Sage Group plc to a “hold” rating and increased their price objective for the stock from GBX 665 ($8.31) to GBX 718 ($8.97) in a research note on Monday, July 25th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 760 ($9.50) price objective on shares of The Sage Group plc in a research note on Tuesday, August 2nd. Finally, Jefferies Group reissued a “buy” rating and issued a GBX 735 ($9.18) price objective on shares of The Sage Group plc in a research note on Wednesday, July 27th.
The Sage Group plc (LON:SGE) traded up 0.99% during trading on Wednesday, reaching GBX 660.50. The company’s stock had a trading volume of 2,341,557 shares. The firm’s market capitalization is GBX 7.10 billion. The stock’s 50-day moving average is GBX 712.78 and its 200 day moving average is GBX 677.83. The Sage Group plc has a 52-week low of GBX 540.50 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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