Shares of The Sage Group plc (LON:SGE) have received a consensus rating of “Hold” from the fourteen research firms that are covering the company. Five investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 660.57 ($8.31).
SGE has been the topic of a number of analyst reports. Barclays PLC reiterated an “underweight” rating and set a GBX 540 ($6.80) price objective on shares of The Sage Group plc in a research note on Tuesday, January 10th. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 600 ($7.55) price objective on shares of The Sage Group plc in a research note on Monday, January 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 730 ($9.19) price objective on shares of The Sage Group plc in a research note on Monday, March 6th. Bryan, Garnier & Co lifted their price objective on shares of The Sage Group plc from GBX 640 ($8.06) to GBX 660 ($8.31) and gave the company a “neutral” rating in a research note on Monday, March 6th. Finally, Goldman Sachs Group Inc lifted their price objective on shares of The Sage Group plc from GBX 850 ($10.70) to GBX 900 ($11.33) and gave the company a “buy” rating in a research note on Friday, January 20th.
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In related news, insider Donald H. Brydon purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The stock was acquired at an average price of GBX 600 ($7.55) per share, for a total transaction of £60,000 ($75,519.19).
The Sage Group plc (LON:SGE) remained flat at GBX 655.00 during trading on Tuesday. 2,342,428 shares of the stock were exchanged. The stock’s market cap is GBX 7.07 billion. The firm’s 50-day moving average price is GBX 641.32 and its 200 day moving average price is GBX 660.54. The Sage Group plc has a 12 month low of GBX 573.00 and a 12 month high of GBX 807.49.
The Sage Group plc Company Profile
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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