The Sage Group plc (LON:SGE) had its target price lifted by research analysts at Bryan, Garnier & Co from GBX 600 ($7.43) to GBX 690 ($8.54) in a report released on Wednesday. The brokerage currently has a “sell” rating on the stock. Bryan, Garnier & Co’s price target indicates a potential downside of 5.15% from the company’s previous close.
SGE has been the subject of several other research reports. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 600 ($7.43) price objective on shares of The Sage Group plc in a report on Thursday, July 14th. Canaccord Genuity raised their target price on shares of The Sage Group plc from GBX 620 ($7.67) to GBX 650 ($8.04) and gave the company a “hold” rating in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. raised their target price on shares of The Sage Group plc from GBX 730 ($9.03) to GBX 850 ($10.52) and gave the company a “buy” rating in a research note on Tuesday, August 16th. Panmure Gordon reiterated a “hold” rating and issued a GBX 614 ($7.60) target price on shares of The Sage Group plc in a research note on Friday, July 1st. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 760 ($9.41) target price on shares of The Sage Group plc in a research note on Wednesday, July 27th. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The Sage Group plc presently has an average rating of “Hold” and an average price target of GBX 640.69 ($7.93).
Shares of The Sage Group plc (LON:SGE) opened at 727.50 on Wednesday. The company’s market capitalization is GBX 7.82 billion. The stock has a 50 day moving average price of GBX 734.17 and a 200 day moving average price of GBX 663.67. The Sage Group plc has a 1-year low of GBX 520.50 and a 1-year high of GBX 761.00.
About The Sage Group plc
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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