Shares of The Sage Group plc (LON:SGE) fell 0.3% on Monday . The stock traded as low as GBX 694.94 ($9.60) and last traded at GBX 695.60 ($9.61). 1,960,000 shares changed hands during trading, a decline of 44% from the average session volume of 3,530,000 shares. The stock had previously closed at GBX 698 ($9.64).
SGE has been the subject of a number of research reports. Goldman Sachs Group decreased their price target on The Sage Group from GBX 970 ($13.40) to GBX 925 ($12.78) and set a “buy” rating for the company in a research note on Tuesday, January 30th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 790 ($10.91) price target on shares of The Sage Group in a research note on Friday, January 26th. Canaccord Genuity reiterated a “sell” rating and issued a GBX 636 ($8.79) price target on shares of The Sage Group in a research note on Friday, January 26th. Bryan, Garnier & Co decreased their price target on The Sage Group from GBX 860 ($11.88) to GBX 850 ($11.74) and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, Numis Securities downgraded The Sage Group to a “hold” rating and set a GBX 855 ($11.81) price target for the company. in a research note on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 783.09 ($10.82).
The stock has a market capitalization of $7,540.00 and a P/E ratio of 2,898.33.
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The Sage Group Company Profile
The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.
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