The Sage Group plc (SGE) Receives “Buy” Rating from Jefferies Group
Jefferies Group reaffirmed their buy rating on shares of The Sage Group plc (LON:SGE) in a research report released on Thursday morning. They currently have a GBX 735 ($9.18) target price on the stock.
Several other research firms have also recently commented on SGE. Goldman Sachs Group Inc. upped their target price on shares of The Sage Group plc from GBX 730 ($9.12) to GBX 850 ($10.62) and gave the stock a buy rating in a research report on Tuesday, August 16th. Deutsche Bank AG restated a buy rating and issued a GBX 760 ($9.50) target price on shares of The Sage Group plc in a research report on Monday, August 15th. Credit Suisse Group AG restated an underperform rating and issued a GBX 600 ($7.50) target price on shares of The Sage Group plc in a research report on Friday, October 7th. Bryan, Garnier & Co upped their target price on shares of The Sage Group plc from GBX 600 ($7.50) to GBX 690 ($8.62) and gave the stock a sell rating in a research report on Wednesday, October 12th. Finally, Barclays PLC upped their target price on shares of The Sage Group plc from GBX 475 ($5.93) to GBX 540 ($6.75) and gave the stock an underweight rating in a research report on Monday, October 17th. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of GBX 646 ($8.07).
Shares of The Sage Group plc (LON:SGE) traded up 1.41% on Thursday, hitting GBX 684.50. The company had a trading volume of 1,684,913 shares. The stock’s market cap is GBX 7.36 billion. The company has a 50-day moving average of GBX 711.34 and a 200 day moving average of GBX 677.46. The Sage Group plc has a 12 month low of GBX 540.50 and a 12 month 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.
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.