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).

The company also recently disclosed a dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 8th will be given a GBX 10.20 ($0.14) dividend. The ex-dividend date is Thursday, February 8th. This is an increase from The Sage Group’s previous dividend of $5.22. This represents a yield of 1.27%.

WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/12/06/brokerages-set-the-sage-group-plc-sge-price-target-at-762-46.html.

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.

Analyst Recommendations for The Sage Group (LON:SGE)

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.