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.
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