The Sage Group plc (LON:SGE) Receives GBX 716 Consensus Price Target from Analysts

Shares of The Sage Group plc (LON:SGE) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 696.67 ($9.10).

A number of equities research analysts have recently issued reports on SGE shares. Numis Securities upped their price objective on The Sage Group from GBX 780 ($10.19) to GBX 870 ($11.37) and gave the stock a “buy” rating in a research note on Tuesday, June 29th. JPMorgan Chase & Co. upped their price objective on The Sage Group from GBX 630 ($8.23) to GBX 720 ($9.41) and gave the company a “neutral” rating in a report on Friday, July 30th. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Friday, September 3rd. Finally, Barclays upped their price objective on The Sage Group from GBX 555 ($7.25) to GBX 600 ($7.84) and gave the company an “underweight” rating in a report on Tuesday.

Shares of The Sage Group stock opened at GBX 717 ($9.37) on Monday. The Sage Group has a 12-month low of GBX 543.20 ($7.10) and a 12-month high of GBX 760.20 ($9.93). The stock has a market cap of £7.47 billion and a P/E ratio of 34.15. The company has a quick ratio of 0.75, a current ratio of 0.83 and a debt-to-equity ratio of 61.89. The business’s 50 day moving average is GBX 729.85 and its 200-day moving average is GBX 686.65.

In other news, insider Andrew Duff bought 13,150 shares of the company’s stock in a transaction on Thursday, September 23rd. The stock was purchased at an average cost of GBX 758 ($9.90) per share, for a total transaction of £99,677 ($130,228.64).

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, Central and Southern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud financial management platform; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a payroll and HR software; and CakeHR, a HR management solution that enables small businesses to manage workforces with tools comprises reporting, organization chart, pay slip, and absence request.

See Also: Fiduciary

Analyst Recommendations for The Sage Group (LON:SGE)

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