The Sage Group plc’s (SGE) “Buy” Rating Reaffirmed at Deutsche Bank AG
The Sage Group plc (LON:SGE)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a report released on Thursday.
SGE has been the subject of a number of other research reports. Bryan, Garnier & Co reaffirmed a “sell” rating and set a GBX 600 ($7.44) price objective on shares of The Sage Group plc in a research report on Friday, September 30th. BNP Paribas lowered shares of The Sage Group plc to a “sell” rating in a research report on Friday, October 21st. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 600 ($7.44) price objective on shares of The Sage Group plc in a research report on Friday, October 7th. Jefferies Group reaffirmed a “buy” rating and set a GBX 735 ($9.12) price objective on shares of The Sage Group plc in a research report on Monday. Finally, Morgan Stanley upped their price objective on shares of The Sage Group plc from GBX 470 ($5.83) to GBX 490 ($6.08) and gave the company an “underweight” rating in a research report on Wednesday, September 28th. 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 stock. The Sage Group plc presently has a consensus rating of “Hold” and a consensus target price of GBX 644.75 ($8.00).
Shares of The Sage Group plc (LON:SGE) opened at 657.50 on Thursday. The Sage Group plc has a one year low of GBX 540.50 and a one year high of GBX 761.00. The company’s 50-day moving average price is GBX 699.79 and its 200 day moving average price is GBX 682.67. The company’s market cap is GBX 7.07 billion.
The business 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 is a boost from The Sage Group plc’s previous dividend of $4.80. This represents a dividend yield of 1.42%. The ex-dividend date is Thursday, February 9th.
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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