The Sage Group plc (LON:SGE) had its target price hoisted by equities researchers at BNP Paribas from GBX 604 ($7.49) to GBX 616 ($7.64) in a research note issued on Thursday. The firm presently has a “neutral” rating on the stock. BNP Paribas’ price objective points to a potential downside of 6.31% from the company’s current price.

A number of other research firms have also recently weighed in on SGE. Goldman Sachs Group Inc. increased their price target on The Sage Group plc from GBX 730 ($9.06) to GBX 850 ($10.54) and gave the company a “buy” rating in a research note on Tuesday, August 16th. Deutsche Bank AG restated a “buy” rating and issued a GBX 760 ($9.43) price target on shares of The Sage Group plc in a research note on Monday, August 15th. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 600 ($7.44) price target on shares of The Sage Group plc in a research note on Friday, October 7th. Bryan, Garnier & Co increased their price target on The Sage Group plc from GBX 600 ($7.44) to GBX 690 ($8.56) and gave the company a “sell” rating in a research note on Wednesday, October 12th. Finally, Barclays PLC increased their price target on The Sage Group plc from GBX 475 ($5.89) to GBX 540 ($6.70) and gave the company an “underweight” rating in a research note on Monday, October 17th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Sage Group plc currently has a consensus rating of “Hold” and an average target price of GBX 648.88 ($8.05).

Analyst Recommendations for The Sage Group plc (LON:SGE)

The Sage Group plc (LON:SGE) opened at 651.00 on Thursday. The stock has a 50 day moving average of GBX 699.79 and a 200-day moving average of GBX 682.67. The company’s market capitalization is GBX 7.00 billion. The Sage Group plc has a 52-week low of GBX 540.50 and a 52-week high of GBX 761.00.

The company also recently declared a dividend, which will be paid on Friday, March 3rd. Stockholders of record on Thursday, February 9th will be paid a dividend of GBX 9.35 ($0.12) per share. This represents a dividend yield of 1.42%. This is a positive change from The Sage Group plc’s previous dividend of $4.80. The ex-dividend date of this dividend is Thursday, February 9th.

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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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