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.

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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.

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

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