Jefferies Financial Group Lowers The Sage Group (LON:SGE) Price Target to GBX 1,000

The Sage Group (LON:SGE) had its price target dropped by equities researchers at Jefferies Financial Group from GBX 1,100 to GBX 1,000 in a research report issued on Thursday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 24.22% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Citigroup dropped their price target on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. JPMorgan Chase & Co. decreased their price objective on The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating on the stock in a report on Wednesday. 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. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,072.86.

The Sage Group Stock Down 0.4%

SGE opened at GBX 805 on Thursday. The firm has a 50-day simple moving average of GBX 867.38 and a two-hundred day simple moving average of GBX 911.13. The Sage Group has a 52 week low of GBX 771.66 and a 52 week high of GBX 1,335. The company has a market capitalization of £7.25 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.29. 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 Sage Group (LON:SGE) last issued its quarterly earnings data on Friday, May 22nd. The company reported GBX 23.74 earnings per share for the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%.The firm had revenue of GBX 136.30 billion during the quarter. Analysts forecast that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group Company Profile

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.