The Sage Group plc (SGE) Stock Rating Upgraded by Barclays PLC

The Sage Group plc (LON:SGE) was upgraded by equities research analysts at Barclays PLC to an “equal weight” rating in a research report issued on Thursday. The firm presently has a GBX 685 ($8.85) price target on the stock. Barclays PLC’s price objective suggests a potential downside of 2.56% from the stock’s current price.

Several other research firms have also recently weighed in on SGE. Goldman Sachs Group, Inc. (The) upgraded shares of The Sage Group plc to a “conviction-buy” rating and set a GBX 860 ($11.11) price objective on the stock in a research report on Friday, July 21st. J P Morgan Chase & Co restated an “overweight” rating on shares of The Sage Group plc in a research report on Wednesday, June 21st. Deutsche Bank AG restated a “hold” rating and issued a GBX 650 ($8.39) price objective on shares of The Sage Group plc in a research report on Friday, July 21st. Canaccord Genuity restated a “sell” rating and issued a GBX 585 ($7.56) price objective on shares of The Sage Group plc in a research report on Wednesday, July 26th. Finally, Numis Securities Ltd cut shares of The Sage Group plc to a “hold” rating and decreased their price objective for the stock from GBX 765 ($9.88) to GBX 756 ($9.76) in a research report on Monday, June 5th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 700 ($9.04).

Shares of The Sage Group plc (LON SGE) opened at 703.00 on Thursday. The Sage Group plc has a 1-year low of GBX 594.99 and a 1-year high of GBX 807.49. The stock has a 50 day moving average of GBX 690.55 and a 200-day moving average of GBX 679.00. The firm’s market capitalization is GBX 7.59 billion.

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In other The Sage Group plc news, insider Steve Hare sold 93,136 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of GBX 681 ($8.80), for a total value of £634,256.16 ($819,134.91).

About The Sage Group plc

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 plc (LON:SGE)

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