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.
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