The Sage Group (LON:SGE) Stock Rating Reaffirmed by Deutsche Bank

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The Sage Group (LON:SGE)‘s stock had its “sell” rating reiterated by equities research analysts at Deutsche Bank in a report released on Friday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently commented on SGE. JPMorgan Chase & Co. set a $90.00 target price on Duke Energy and gave the company a “hold” rating in a research note on Monday, May 20th. Numis Securities reaffirmed a “buy” rating and set a GBX 340 ($4.44) target price on shares of BT Group in a research note on Monday, May 20th. UBS Group cut CR AGRICOLE S A/ADR from a “buy” rating to a “neutral” rating in a research note on Monday, May 20th. Barclays upped their target price on from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the company an “overweight” rating in a research note on Monday, July 8th. Finally, Shore Capital reaffirmed a “buy” rating on shares of The Sage Group in a research note on Friday, May 17th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 645.50 ($8.43).

SGE opened at GBX 806.60 ($10.54) on Friday. The company has a market capitalization of $8.76 billion and a PE ratio of 28.10. The company’s 50 day simple moving average is GBX 778.42. The Sage Group has a one year low of GBX 491.30 ($6.42) and a one year high of GBX 826 ($10.79). The company has a debt-to-equity ratio of 55.89, a quick ratio of 0.72 and a current ratio of 0.76.

In other news, insider Annette Court acquired 1,350 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of GBX 746 ($9.75) per share, with a total value of £10,071 ($13,159.55). Also, insider Cath Keers acquired 40,976 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was purchased at an average cost of GBX 517 ($6.76) per share, for a total transaction of £211,845.92 ($276,814.22).

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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Analyst Recommendations for The Sage Group (LON:SGE)

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