The Sage Group plc (LON:SGE)’s share price traded up 1.2% on Tuesday . The company traded as high as GBX 748 ($9.87) and last traded at GBX 745.50 ($9.84). 1,602,641 shares changed hands during trading, a decline of 22% from the average session volume of 2,059,810 shares. The stock had previously closed at GBX 736.50 ($9.72).
A number of equities analysts recently weighed in on the stock. Barclays PLC reaffirmed an “equal weight” rating on shares of The Sage Group plc in a research report on Thursday, October 12th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 700 ($9.24) price objective on shares of The Sage Group plc in a research report on Tuesday, October 10th. Bryan, Garnier & Co raised shares of The Sage Group plc to a “buy” rating and increased their price objective for the stock from GBX 720 ($9.50) to GBX 830 ($10.95) in a research report on Friday, September 22nd. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 780 ($10.29) price objective on shares of The Sage Group plc in a research report on Wednesday, September 20th. Finally, Numis Securities Ltd reaffirmed an “add” rating and set a GBX 813 ($10.73) price objective on shares of The Sage Group plc in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 735.38 ($9.70).
In related news, insider Steve Hare sold 93,136 shares of the company’s stock in a transaction on Friday, August 4th. The shares were 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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