The Sage Group plc (OTCMKTS:SGPYY) Receives $49.00 Consensus Target Price from Analysts

The Sage Group plc (OTCMKTS:SGPYY) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $49.00.

SGPYY has been the topic of several research analyst reports. Barclays reissued an “underweight” rating on shares of The Sage Group in a research note on Tuesday, October 12th. The Goldman Sachs Group lowered The Sage Group from a “neutral” rating to a “sell” rating in a research note on Monday, September 27th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of The Sage Group in a research note on Thursday, November 18th. Stifel Nicolaus lowered The Sage Group from a “buy” rating to a “hold” rating in a research note on Friday, September 3rd. Finally, Zacks Investment Research raised The Sage Group from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday.

SGPYY traded down $0.80 during trading on Thursday, reaching $41.90. The company’s stock had a trading volume of 10,006 shares, compared to its average volume of 17,725. The Sage Group has a 52-week low of $30.44 and a 52-week high of $44.09. The company’s fifty day moving average price is $40.70 and its 200-day moving average price is $39.93.

About The Sage Group

The Sage Group Plc engages in the provision of business management solutions. It offers accounting, enterprise resource planning and payroll software. It operates through the following business segments: Northern Europe, Central and Southern Europe, North America, and North America. The company was founded by David Goldman, Paul Muller, and Graham Wylie in 1981 and is headquartered in Newcastle-upon-Tyne, the United Kingdom.

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Analyst Recommendations for The Sage Group (OTCMKTS:SGPYY)

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