The Sage Group plc (SGE) Rating Increased to Conviction-Buy at Goldman Sachs Group Inc.
The Sage Group plc (LON:SGE) was upgraded by stock analysts at Goldman Sachs Group Inc. to a “conviction-buy” rating in a research report issued on Friday. The brokerage currently has a GBX 870 ($10.87) target price on the stock, up from their previous target price of GBX 850 ($10.62). Goldman Sachs Group Inc.’s target price points to a potential upside of 26.73% from the company’s current price.
Several other equities research analysts have also commented on SGE. Numis Securities Ltd lowered The Sage Group plc to a “hold” rating and upped their target price for the company from GBX 665 ($8.31) to GBX 718 ($8.97) in a research report on Monday, July 25th. Canaccord Genuity upped their target price on The Sage Group plc from GBX 620 ($7.75) to GBX 650 ($8.12) and gave the company a “hold” rating in a research report on Tuesday, July 26th. Deutsche Bank AG restated a “buy” rating and set a GBX 760 ($9.50) target price on shares of The Sage Group plc in a research report on Wednesday, July 27th. Jefferies Group restated a “buy” rating and set a GBX 735 ($9.18) target price on shares of The Sage Group plc in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 700 ($8.75) target price on shares of The Sage Group plc in a research report on Wednesday, July 27th. Seven investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 646 ($8.07).
The Sage Group plc (LON:SGE) opened at 686.50 on Friday. The Sage Group plc has a 52-week low of GBX 540.50 and a 52-week high of GBX 761.00. The firm’s 50 day moving average price is GBX 707.97 and its 200 day moving average price is GBX 679.56. The firm’s market cap is GBX 7.38 billion.
The Sage Group plc Company Profile
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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