UBS Group Reaffirms “Neutral” Rating for The Sage Group (SGE)
UBS Group restated their neutral rating on shares of The Sage Group (LON:SGE) in a research report released on Tuesday morning, www.digitallook.com reports. The firm currently has a GBX 700 ($9.12) target price on the stock.
Several other equities analysts have also commented on SGE. Canaccord Genuity restated a sell rating and issued a GBX 540 ($7.03) price objective on shares of The Sage Group in a report on Thursday, June 21st. Credit Suisse Group decreased their price objective on shares of The Sage Group from GBX 790 ($10.29) to GBX 650 ($8.47) and set a neutral rating on the stock in a report on Monday, June 25th. Barclays restated an equal weight rating on shares of The Sage Group in a report on Tuesday, July 10th. Shore Capital restated a buy rating on shares of The Sage Group in a report on Thursday, August 2nd. Finally, Deutsche Bank decreased their price objective on shares of The Sage Group from GBX 740 ($9.64) to GBX 630 ($8.21) and set a hold rating on the stock in a report on Friday, August 3rd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 679.46 ($8.85).
Shares of SGE stock opened at GBX 586.20 ($7.64) on Tuesday. The Sage Group has a one year low of GBX 613 ($7.98) and a one year high of GBX 825.20 ($10.75).
The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.
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