The Sage Group plc (LON:SGE) Given “Sell” Rating at Canaccord Genuity
Several other equities analysts have also weighed in on SGE. Deutsche Bank AG reiterated a hold rating and issued a GBX 650 ($8.47) target price on shares of The Sage Group plc in a report on Friday, July 21st. Numis Securities Ltd upgraded shares of The Sage Group plc to an add rating and boosted their target price for the company from GBX 756 ($9.85) to GBX 813 ($10.59) in a report on Wednesday. Goldman Sachs Group, Inc. (The) upgraded shares of The Sage Group plc to a conviction-buy rating and set a GBX 860 ($11.20) target price on the stock in a report on Friday, July 21st. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 780 ($10.16) target price on shares of The Sage Group plc in a report on Monday, June 5th. Finally, Credit Suisse Group boosted their target price on shares of The Sage Group plc from GBX 600 ($7.82) to GBX 620 ($8.08) and gave the company an underperform rating in a report on Thursday, May 4th. Five analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The Sage Group plc currently has a consensus rating of Hold and an average price target of GBX 690.07 ($8.99).
Shares of The Sage Group plc (SGE) opened at 677.00 on Wednesday. The company’s market cap is GBX 7.30 billion. The firm has a 50-day moving average of GBX 691.25 and a 200 day moving average of GBX 666.47. The Sage Group plc has a 52 week low of GBX 594.99 and a 52 week high of GBX 807.49.
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About The Sage Group plc
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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