The Sage Group plc (SGE) Lifted to Equal weight at Barclays PLC
Barclays PLC upgraded shares of The Sage Group plc (LON:SGE) to an equal weight rating in a research report sent to investors on Thursday. The brokerage currently has GBX 685 ($8.85) target price on the stock.
A number of other equities analysts have also commented on the stock. J P Morgan Chase & Co reiterated an overweight rating on shares of The Sage Group plc in a report on Wednesday, June 21st. Deutsche Bank AG reiterated a hold rating and issued a GBX 650 ($8.39) price objective on shares of The Sage Group plc in a report on Monday, June 5th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and issued a GBX 860 ($11.11) price objective on shares of The Sage Group plc in a report on Monday, June 5th. Numis Securities Ltd lowered shares of The Sage Group plc to a hold rating and cut their price objective for the stock from GBX 765 ($9.88) to GBX 756 ($9.76) in a report on Monday, June 5th. Finally, Canaccord Genuity reiterated a sell rating and issued a GBX 585 ($7.56) price objective on shares of The Sage Group plc in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 700 ($9.04).
The Sage Group plc (SGE) opened at 703.00 on Thursday. The company has a 50-day moving average price of GBX 690.55 and a 200 day moving average price of GBX 679.00. The Sage Group plc has a 12-month low of GBX 594.99 and a 12-month high of GBX 807.49. The stock’s market cap is GBX 7.59 billion.
In related news, insider Steve Hare sold 93,136 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of GBX 681 ($8.80), for a total transaction of £634,256.16 ($819,134.91).
The Sage Group plc Company Profile
The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.
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