The Sage Group plc (SGE) Stock Rating Reaffirmed by Goldman Sachs Group Inc

Goldman Sachs Group Inc reaffirmed their buy rating on shares of The Sage Group plc (LON:SGE) in a research report released on Thursday, May 4th. The firm currently has a GBX 860 ($11.10) target price on the stock.

Several other research analysts have also recently commented on the company. Canaccord Genuity reissued a sell rating and set a GBX 585 ($7.55) target price on shares of The Sage Group plc in a research note on Thursday, May 4th. Credit Suisse Group AG boosted their target price on The Sage Group plc from GBX 600 ($7.74) to GBX 620 ($8.00) and gave the stock an underperform rating in a research note on Thursday, May 4th. Deutsche Bank AG boosted their target price on The Sage Group plc from GBX 615 ($7.94) to GBX 650 ($8.39) and gave the stock a hold rating in a research note on Thursday, May 4th. Citigroup Inc reissued a buy rating and set a GBX 780 ($10.07) target price on shares of The Sage Group plc in a research note on Thursday, May 4th. Finally, Numis Securities Ltd reissued an add rating and set a GBX 765 ($9.87) target price on shares of The Sage Group plc in a research note on Wednesday, May 3rd. Five analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The Sage Group plc presently has an average rating of Hold and an average target price of GBX 675.53 ($8.72).

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The firm also recently announced a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, May 11th will be paid a dividend of GBX 5.22 ($0.07) per share. This represents a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 11th.

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.

12 Month Chart for LON:SGE

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