The Sage Group (LON:SGE) Price Target Lowered to GBX 900 at Deutsche Bank Aktiengesellschaft

The Sage Group (LON:SGE) had its price objective lowered by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 1,000 to GBX 900 in a report released on Tuesday,Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 3.16% from the company’s previous close.

SGE has been the subject of a number of other research reports. Jefferies Financial Group dropped their target price on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a research report on Tuesday, March 24th. UBS Group reiterated a “buy” rating and set a GBX 1,025 target price on shares of The Sage Group in a research report on Monday, May 18th. Citigroup dropped their target price on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Shore Capital Group reiterated a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,135 target price on shares of The Sage Group in a research report on Thursday, May 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,130.

The Sage Group Trading Down 1.7%

Shares of The Sage Group stock opened at GBX 872.40 on Tuesday. The stock has a market capitalization of £7.98 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 919.09. The company has a 50-day simple moving average of GBX 866.10 and a 200 day simple moving average of GBX 949.58. The Sage Group has a 12-month low of GBX 771.66 and a 12-month high of GBX 1,335.

The Sage Group (LON:SGE) last announced its earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share (EPS) for the quarter. The business had revenue of GBX 136.30 billion during the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. Research analysts expect that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.