The Sage Group plc (LON:SGE) was upgraded by research analysts at Bryan, Garnier & Co to a “buy” rating in a report issued on Friday. The firm presently has a GBX 830 ($11.19) price target on the stock, up from their previous price target of GBX 720 ($9.71). Bryan, Garnier & Co’s target price indicates a potential upside of 16.65% from the company’s previous close.

Several other research firms have also recently issued reports on SGE. Numis Securities Ltd cut shares of The Sage Group plc to a “hold” rating and cut their price objective for the stock from GBX 765 ($10.31) to GBX 756 ($10.19) in a research report on Monday, June 5th. Deutsche Bank AG restated a “hold” rating and set a GBX 650 ($8.76) price objective on shares of The Sage Group plc in a research report on Monday, June 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 780 ($10.52) target price on shares of The Sage Group plc in a research note on Monday, June 5th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 860 ($11.59) target price on shares of The Sage Group plc in a research note on Monday, June 5th. Finally, Barclays PLC raised shares of The Sage Group plc to an “equal weight” rating and set a GBX 685 ($9.24) target price for the company in a research note on Thursday, September 14th. Four analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 712.14 ($9.60).

Shares of The Sage Group plc (LON SGE) opened at 711.50 on Friday. The Sage Group plc has a 52-week low of GBX 594.99 and a 52-week high of GBX 807.49. The stock’s market capitalization is GBX 7.68 billion. The firm has a 50-day moving average of GBX 691.80 and a 200 day moving average of GBX 680.13.

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In other news, insider Steve Hare sold 93,136 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of GBX 681 ($9.18), for a total value of £634,256.16 ($855,138.41).

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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