The Sage Group (LON:SGE) Price Target Cut to GBX 1,100 by Analysts at Jefferies Financial Group

The Sage Group (LON:SGE) had its price target cut by Jefferies Financial Group from GBX 1,350 to GBX 1,100 in a research note issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 34.38% from the company’s current price.

A number of other brokerages have also weighed in on SGE. Citigroup decreased their price target on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. reduced their target price on The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a report on Thursday, December 4th. Shore Capital Group restated a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Canaccord Genuity Group upgraded The Sage Group to a “buy” rating and boosted their price target for the stock from GBX 1,100 to GBX 1,135 in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,189.17.

The Sage Group Price Performance

Shares of LON SGE opened at GBX 818.60 on Tuesday. The firm has a market cap of £7.66 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. The company’s 50-day simple moving average is GBX 886.65 and its 200-day simple moving average is GBX 1,024.51. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 219.31. The Sage Group has a 52-week low of GBX 771.66 and a 52-week high of GBX 1,335.

Insider Activity

In related news, insider Derek Harding acquired 10,000 shares of The Sage Group stock in a transaction that occurred on Monday, February 9th. The shares were purchased at an average price of GBX 864 per share, for a total transaction of £86,400. Also, insider John Bates acquired 35,000 shares of The Sage Group stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average price of GBX 811 per share, for a total transaction of £283,850. Insiders purchased 55,000 shares of company stock worth $45,415,000 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.