The Sage Group (SGE) Price Target Raised to GBX 620 at JPMorgan Chase & Co.
The Sage Group (LON:SGE) had its target price hoisted by JPMorgan Chase & Co. from GBX 560 ($7.32) to GBX 620 ($8.10) in a research note released on Thursday morning. The brokerage currently has a neutral rating on the stock.
Several other research firms have also recently weighed in on SGE. Barclays cut shares of The Sage Group to an underweight rating and lowered their price target for the company from GBX 675 ($8.82) to GBX 495 ($6.47) in a report on Tuesday, October 9th. Morgan Stanley lowered their price target on shares of The Sage Group from GBX 610 ($7.97) to GBX 570 ($7.45) and set an underweight rating on the stock in a report on Wednesday, September 12th. UBS Group reissued a neutral rating on shares of The Sage Group in a report on Tuesday, November 6th. Canaccord Genuity raised shares of The Sage Group to a hold rating and set a GBX 540 ($7.06) price target on the stock in a report on Tuesday, October 30th. Finally, Deutsche Bank lowered their price target on shares of The Sage Group from GBX 540 ($7.06) to GBX 505 ($6.60) and set a hold rating on the stock in a report on Thursday, November 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 628.33 ($8.21).
The Sage Group stock traded down GBX 13 ($0.17) during trading hours on Thursday, hitting GBX 608 ($7.94). The company had a trading volume of 3,195,166 shares, compared to its average volume of 3,690,000. The Sage Group has a one year low of GBX 613 ($8.01) and a one year high of GBX 825.20 ($10.78).
In other The Sage Group news, insider Donald H. Brydon bought 22,000 shares of the stock in a transaction dated Wednesday, November 21st. The shares were bought at an average cost of GBX 515 ($6.73) per share, with a total value of £113,300 ($148,046.52). Also, insider Jonathan Howell bought 44,000 shares of the stock in a transaction dated Wednesday, December 5th. The shares were acquired at an average cost of GBX 591 ($7.72) per share, for a total transaction of £260,040 ($339,788.32).
About The Sage Group
The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.
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