The Sage Group’s (SGE) “Overweight” Rating Reaffirmed at J P Morgan Chase & Co
Several other equities research analysts also recently issued reports on the stock. Barclays upgraded shares of The Sage Group to an equal weight rating and set a GBX 685 ($9.22) target price for the company in a research note on Thursday, September 14th. Deutsche Bank raised their target price on shares of The Sage Group from GBX 700 ($9.42) to GBX 740 ($9.96) and gave the company a hold rating in a research note on Friday, November 17th. Jefferies Group raised their target price on shares of The Sage Group from GBX 770 ($10.36) to GBX 880 ($11.84) and gave the company a buy rating in a research note on Monday, November 20th. Credit Suisse Group reiterated a neutral rating and issued a GBX 700 ($9.42) target price on shares of The Sage Group in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group reiterated a buy rating and issued a GBX 850 ($11.44) target price on shares of The Sage Group in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 771.31 ($10.38).
Shares of The Sage Group (LON SGE) opened at GBX 779.56 ($10.49) on Tuesday. The Sage Group has a 12 month low of GBX 594.99 ($8.01) and a 12 month high of GBX 820 ($11.04).
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About The Sage Group
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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