The Sage Group plc (SGE) Receives Average Rating of “Hold” from Analysts
The Sage Group plc (LON:SGE) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 792.90 ($10.95).
A number of equities analysts have commented on the stock. Goldman Sachs Group reaffirmed a “buy” rating and issued a GBX 850 ($11.74) price objective on shares of The Sage Group in a report on Thursday, November 16th. Deutsche Bank boosted their price target on shares of The Sage Group from GBX 700 ($9.67) to GBX 740 ($10.22) and gave the company a “hold” rating in a report on Friday, November 17th. Jefferies Group boosted their price target on shares of The Sage Group from GBX 770 ($10.64) to GBX 880 ($12.16) and gave the company a “buy” rating in a report on Monday, November 20th. Barclays reissued an “equal weight” rating on shares of The Sage Group in a report on Thursday, November 23rd. Finally, Credit Suisse Group boosted their price target on shares of The Sage Group from GBX 700 ($9.67) to GBX 790 ($10.91) and gave the company a “neutral” rating in a report on Thursday, November 23rd.
The Sage Group (LON SGE) traded down GBX 0.40 ($0.01) during midday trading on Friday, reaching GBX 695.80 ($9.61). 2,490,000 shares of the company traded hands, compared to its average volume of 3,570,000. The Sage Group has a 52-week low of GBX 613 ($8.47) and a 52-week high of GBX 825.20 ($11.40). The stock has a market capitalization of $7,540.00 and a price-to-earnings ratio of 2,899.17.
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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.
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