The Sage Group plc (LON:SGE) Raised to “Add” at Numis Securities Ltd
Numis Securities Ltd upgraded shares of The Sage Group plc (LON:SGE) to an add rating in a report released on Wednesday. The firm currently has GBX 813 ($10.59) price objective on the stock, up from their previous price objective of GBX 756 ($9.85).
Other equities research analysts have also issued reports about the company. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a GBX 860 ($11.20) target price on shares of The Sage Group plc in a research report on Thursday, May 4th. Citigroup Inc. reaffirmed a buy rating and set a GBX 780 ($10.16) target price on shares of The Sage Group plc in a research report on Thursday, May 4th. Deutsche Bank AG lifted their target price on The Sage Group plc from GBX 615 ($8.01) to GBX 650 ($8.47) and gave the company a hold rating in a research report on Thursday, May 4th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 780 ($10.16) target price on shares of The Sage Group plc in a research report on Monday, June 5th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 690.07 ($8.99).
The Sage Group plc (LON:SGE) opened at 677.00 on Wednesday. The firm has a 50-day moving average price of GBX 691.25 and a 200-day moving average price of GBX 666.47. The Sage Group plc has a 12-month low of GBX 594.99 and a 12-month high of GBX 807.49. The company’s market cap is GBX 7.30 billion.
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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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