The Sage Group plc (SGE) Given “Buy” Rating at Jefferies Group
Jefferies Group reaffirmed their buy rating on shares of The Sage Group plc (LON:SGE) in a research note published on Monday morning. Jefferies Group currently has a GBX 735 ($9.12) target price on the stock.
Several other research firms have also recently issued reports on SGE. Barclays PLC increased their target price on shares of The Sage Group plc from GBX 475 ($5.89) to GBX 540 ($6.70) and gave the stock an underweight rating in a research note on Monday, October 17th. Panmure Gordon reiterated a hold rating and issued a GBX 661 ($8.20) target price on shares of The Sage Group plc in a research note on Friday, August 5th. BNP Paribas lowered shares of The Sage Group plc to a sell rating in a report on Friday, October 21st. Deutsche Bank AG reissued a buy rating and issued a GBX 760 ($9.43) price target on shares of The Sage Group plc in a report on Tuesday, August 2nd. Finally, Bryan, Garnier & Co reissued a sell rating and issued a GBX 600 ($7.44) price target on shares of The Sage Group plc in a report on Friday, September 30th. Seven analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The Sage Group plc has a consensus rating of Hold and a consensus price target of GBX 646 ($8.01).
The Sage Group plc (LON:SGE) opened at 677.50 on Monday. The Sage Group plc has a one year low of GBX 540.50 and a one year high of GBX 761.00. The stock’s 50 day moving average is GBX 699.79 and its 200 day moving average is GBX 682.67. The company’s market capitalization is GBX 7.29 billion.
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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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