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

The Sage Group (LON:SGE) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 1,000 to GBX 900 in a report issued on Tuesday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 3.16% from the company’s current price.

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

The Sage Group Stock Down 1.7%

Shares of LON:SGE opened at GBX 872.40 on Tuesday. The Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,335. The company’s 50-day moving average price is GBX 866.10 and its two-hundred day moving average price is GBX 949.58. 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 firm has a market cap of £7.98 billion, a P/E ratio of 23.48, a P/E/G ratio of 1.22 and a beta of 0.30.

The Sage Group (LON:SGE) last issued its quarterly earnings data on Friday, May 22nd. The company reported GBX 23.74 EPS for the quarter. The firm had revenue of GBX 136.30 billion for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. As a group, research analysts forecast that The Sage Group will post 42.1496095 EPS 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.