The Sage Group plc (LON:SGE) traded up 1% during mid-day trading on Wednesday . The stock traded as high as GBX 741 ($9.78) and last traded at GBX 736 ($9.71). 1,649,859 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 2,356,460 shares. The stock had previously closed at GBX 729 ($9.62).
Several equities research analysts recently issued reports on the company. Barclays PLC reiterated an “equal weight” rating on shares of The Sage Group plc in a report on Thursday, October 12th. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 700 ($9.24) price objective on shares of The Sage Group plc in a report on Tuesday, October 10th. Bryan, Garnier & Co upgraded The Sage Group plc to a “buy” rating and boosted their price objective for the company from GBX 720 ($9.50) to GBX 830 ($10.95) in a report on Friday, September 22nd. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 780 ($10.29) price objective on shares of The Sage Group plc in a report on Wednesday, September 20th. Finally, Numis Securities Ltd reiterated an “add” rating and issued a GBX 813 ($10.73) price objective on shares of The Sage Group plc in a report on Tuesday, September 19th. 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 given a strong buy rating to the stock. The Sage Group plc presently has an average rating of “Hold” and an average target price of GBX 735.38 ($9.70).
The company’s market capitalization is GBX 7.98 billion. The company has a 50-day moving average of GBX 713.91 and a 200-day moving average of GBX 695.30.
In other The Sage Group plc news, insider Steve Hare sold 93,136 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of GBX 681 ($8.99), for a total value of £634,256.16 ($836,970.39).
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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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