The Sage Group (LON:SGE) had its price target lifted by Barclays from GBX 495 ($6.47) to GBX 550 ($7.19) in a research note published on Friday morning, ThisIsMoney.Co.Uk reports. Barclays currently has an underweight rating on the stock.
A number of other analysts have also recently commented on SGE. JPMorgan Chase & Co. lifted their target price on The Sage Group from GBX 560 ($7.32) to GBX 620 ($8.10) and gave the stock a neutral rating in a research report on Thursday, January 10th. Deutsche Bank reiterated a hold rating on shares of The Sage Group in a research report on Friday, January 11th. UBS Group reiterated a neutral rating and set a GBX 520 ($6.79) target price (down previously from GBX 590 ($7.71)) on shares of The Sage Group in a research report on Friday, January 11th. Shore Capital reiterated a buy rating on shares of The Sage Group in a research report on Thursday, January 17th. Finally, Bryan, Garnier & Co cut their target price on The Sage Group from GBX 850 ($11.11) to GBX 630 ($8.23) and set a buy rating on the stock in a research report on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The Sage Group currently has a consensus rating of Hold and a consensus price target of GBX 609.58 ($7.97).
Shares of SGE stock opened at GBX 708.40 ($9.26) on Friday. The company has a debt-to-equity ratio of 69.41, a current ratio of 0.85 and a quick ratio of 0.67. The Sage Group has a 52 week low of GBX 491.30 ($6.42) and a 52 week high of GBX 716.80 ($9.37). The company has a market cap of $7.70 billion and a PE ratio of 26.14.
The Sage Group Company Profile
The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.
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