Credit Suisse Group AG reaffirmed their underperform rating on shares of The Sage Group plc (LON:SGE) in a research note issued to investors on Friday. The brokerage currently has a GBX 600 ($7.43) price target on the stock.
A number of other analysts have also commented on the company. Goldman Sachs Group Inc. lifted their price target on The Sage Group plc from GBX 730 ($9.03) to GBX 850 ($10.52) and gave the stock a buy rating in a report on Tuesday, August 16th. Deutsche Bank AG reiterated a buy rating and set a GBX 760 ($9.41) price target on shares of The Sage Group plc in a report on Tuesday, August 2nd. BNP Paribas reiterated a neutral rating and set a GBX 580 ($7.18) price target on shares of The Sage Group plc in a report on Monday, June 27th. Numis Securities Ltd lowered The Sage Group plc to a hold rating and lifted their price target for the stock from GBX 665 ($8.23) to GBX 718 ($8.89) in a report on Monday, July 25th. Finally, Panmure Gordon reiterated a hold rating and set a GBX 614 ($7.60) price target on shares of The Sage Group plc in a report on Wednesday, July 20th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 640.69 ($7.93).
Shares of The Sage Group plc (LON:SGE) opened at 730.50 on Friday. The stock’s 50 day moving average price is GBX 734.26 and its 200 day moving average price is GBX 663.68. The Sage Group plc has a 12-month low of GBX 516.50 and a 12-month high of GBX 761.00. The firm’s market capitalization is GBX 7.86 billion.
The Sage Group plc Company Profile
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence.
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