Brokerages Set The Sage Group plc (SGE) Price Target at $762.46
Shares of The Sage Group plc (LON:SGE) have received an average rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 762.46 ($10.26).
SGE has been the subject of several recent analyst reports. Barclays raised shares of The Sage Group to an “equal weight” rating and set a GBX 685 ($9.22) price objective for the company in a report on Thursday, September 14th. Deutsche Bank lifted their price target on shares of The Sage Group from GBX 700 ($9.42) to GBX 740 ($9.96) and gave the company a “hold” rating in a report on Friday, November 17th. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 700 ($9.42) price target on shares of The Sage Group in a report on Tuesday, October 10th. Goldman Sachs Group reaffirmed a “buy” rating and issued a GBX 850 ($11.44) price target on shares of The Sage Group in a report on Thursday, November 16th. Finally, Jefferies Group lifted their price target on shares of The Sage Group from GBX 770 ($10.36) to GBX 880 ($11.84) and gave the company a “buy” rating in a report on Monday, November 20th.
Shares of The Sage Group (LON SGE) traded down GBX 5 ($0.07) during mid-day trading on Friday, reaching GBX 760.50 ($10.24). 2,412,381 shares of the company’s stock traded hands, compared to its average volume of 2,840,000. The Sage Group has a 52 week low of GBX 594.99 ($8.01) and a 52 week high of GBX 820 ($11.04).
About The Sage Group
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.
Receive News & Stock Ratings for The Sage Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group plc and related stocks with our FREE daily email newsletter.