The Sage Group plc (LON:SGE) Price Target Increased to GBX 700 by Analysts at Deutsche Bank AG
The Sage Group plc (LON:SGE) had its price objective raised by Deutsche Bank AG from GBX 650 ($8.47) to GBX 700 ($9.12) in a research note issued to investors on Thursday morning, StockTargetPrices.com reports. The brokerage currently has a hold rating on the stock.
Several other research analysts have also commented on SGE. Canaccord Genuity reaffirmed a sell rating and issued a GBX 585 ($7.62) price target on shares of The Sage Group plc in a report on Wednesday, July 26th. Numis Securities Ltd raised shares of The Sage Group plc to an add rating and lifted their price target for the company from GBX 756 ($9.85) to GBX 813 ($10.59) in a report on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) raised shares of The Sage Group plc to a conviction-buy rating and set a GBX 860 ($11.20) price target for the company in a report on Friday, July 21st. J P Morgan Chase & Co reaffirmed an overweight rating and issued a GBX 780 ($10.16) price target on shares of The Sage Group plc in a report on Monday, June 5th. Finally, Credit Suisse Group lifted their price target 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The Sage Group plc presently has a consensus rating of Hold and an average price target of GBX 690.07 ($8.99).
Shares of The Sage Group plc (LON:SGE) opened at 677.00 on Thursday. The stock has a 50 day moving average of GBX 691.25 and a 200-day moving average of GBX 666.47. The stock’s market capitalization is GBX 7.30 billion. The Sage Group plc has a one year low of GBX 594.99 and a one year high of GBX 807.49.
The Sage Group plc 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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