The Sage Group plc (SGE) Shares Down 1.6%
The Sage Group plc (LON:SGE)’s share price fell 1.6% during mid-day trading on Tuesday . The stock traded as low as GBX 718 ($9.44) and last traded at GBX 719.50 ($9.46). 1,945,864 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 2,695,090 shares. The stock had previously closed at GBX 731.50 ($9.62).
Several equities research analysts have recently weighed in on SGE shares. J P Morgan Chase & Co reissued an “overweight” rating on shares of The Sage Group plc in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 860 ($11.31) target price on shares of The Sage Group plc in a research report on Tuesday, July 11th. Barclays PLC raised The Sage Group plc to an “equal weight” rating and set a GBX 685 ($9.01) target price on the stock in a research report on Thursday, September 14th. Deutsche Bank AG reissued a “hold” rating and set a GBX 650 ($8.55) target price on shares of The Sage Group plc in a research report on Friday, July 21st. Finally, Canaccord Genuity reissued a “sell” rating and set a GBX 585 ($7.69) target price on shares of The Sage Group plc in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The Sage Group plc has an average rating of “Hold” and an average price target of GBX 735.38 ($9.67).
The company has a 50-day moving average of GBX 702.49 and a 200-day moving average of GBX 687.54. The stock’s market cap is GBX 7.76 billion.
In other The Sage Group plc news, insider Steve Hare sold 93,136 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of GBX 681 ($8.95), for a total transaction of £634,256.16 ($833,889.25).
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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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