The Sage Group plc (SGE) Receives GBX 683.64 Consensus Target Price from Brokerages

The Sage Group plc (LON:SGE) has been given a consensus rating of “Hold” by the fourteen brokerages that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, four have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 685.38 ($8.93).

SGE has been the subject of a number of recent research reports. Numis Securities Ltd reiterated an “add” rating and set a GBX 765 ($9.96) price objective on shares of The Sage Group plc in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 860 ($11.20) price objective on shares of The Sage Group plc in a research note on Monday, June 5th. Citigroup Inc. reiterated a “buy” rating and set a GBX 780 ($10.16) price objective on shares of The Sage Group plc in a research note on Thursday, May 4th. Finally, Deutsche Bank AG boosted their price target on The Sage Group plc from GBX 615 ($8.01) to GBX 650 ($8.46) and gave the stock a “hold” rating in a research note on Thursday, May 4th.

The Sage Group plc (LON:SGE) traded down 0.66% during midday trading on Friday, reaching GBX 673.50. The company had a trading volume of 1,824,002 shares. The stock’s market capitalization is GBX 7.27 billion. The Sage Group plc has a 12-month low of GBX 594.99 and a 12-month high of GBX 807.49. The company has a 50-day moving average of GBX 686.87 and a 200-day moving average of GBX 667.88.

In related news, insider Steve Hare sold 93,136 shares of The Sage Group plc stock in a transaction on Friday, August 4th. The stock was sold at an average price of GBX 681 ($8.87), for a total value of £634,256.16 ($825,961.92).

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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.

Analyst Recommendations for The Sage Group plc (LON:SGE)

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