The Sage Group plc (SGE) Rating Reiterated by Barclays PLC
The Sage Group plc (LON:SGE)‘s stock had its “equal weight” rating restated by stock analysts at Barclays PLC in a research note issued on Thursday.
Several other analysts also recently weighed in on the stock. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of The Sage Group plc in a report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 860 ($11.31) target price on shares of The Sage Group plc in a report on Tuesday, July 11th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 650 ($8.55) target price on shares of The Sage Group plc in a report on Friday, July 21st. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 585 ($7.69) target price on shares of The Sage Group plc in a report on Wednesday, July 26th. Finally, Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 813 ($10.69) target price on shares of The Sage Group plc in a report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 735.38 ($9.67).
Shares of The Sage Group plc (LON:SGE) opened at 726.00 on Thursday. The Sage Group plc has a 1-year low of GBX 594.99 and a 1-year high of GBX 807.49. The stock’s 50 day moving average is GBX 704.73 and its 200 day moving average is GBX 688.73. The stock’s market capitalization is GBX 7.83 billion.
In other The Sage Group plc news, insider Steve Hare sold 93,136 shares of The Sage Group plc stock in a transaction dated Friday, August 4th. The shares were sold at an average price of GBX 681 ($8.95), for a total transaction of £634,256.16 ($833,889.25).
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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