The Sage Group (LON:SGE) had its price target cut by Morgan Stanley from GBX 610 ($7.95) to GBX 570 ($7.42) in a research report released on Wednesday. They currently have an underweight rating on the stock.
Several other analysts have also recently weighed in on the stock. Deutsche Bank reissued a sell rating and issued a GBX 540 ($7.03) price objective on shares of The Sage Group in a research note on Tuesday, September 4th. Citigroup reissued a buy rating and issued a GBX 680 ($8.86) price objective on shares of The Sage Group in a research note on Monday, September 3rd. UBS Group reissued a neutral rating and issued a GBX 700 ($9.12) price objective (down previously from GBX 740 ($9.64)) on shares of The Sage Group in a research note on Friday, August 3rd. Numis Securities reissued a hold rating on shares of The Sage Group in a research note on Friday, August 3rd. Finally, Shore Capital reissued a buy rating on shares of The Sage Group in a research note on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 679.46 ($8.85).
Shares of The Sage Group stock opened at GBX 585.80 ($7.63) on Wednesday. The Sage Group has a twelve month low of GBX 613 ($7.98) and a twelve month high of GBX 825.20 ($10.75).
The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.
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