The Sage Group plc (LON:SGE) had its price target upped by analysts at Societe Generale from GBX 565 ($7.43) to GBX 643 ($8.46) in a research report issued to clients and investors on Thursday. The firm currently has a “sell” rating on the stock. Societe Generale’s target price would suggest a potential downside of 20.07% from the stock’s current price.
A number of other equities research analysts also recently commented on SGE. Numis Securities Ltd upgraded The Sage Group plc to an “add” rating and increased their price objective for the company from GBX 756 ($9.94) to GBX 813 ($10.69) in a research report on Wednesday, July 26th. Canaccord Genuity reiterated a “sell” rating and set a GBX 585 ($7.69) price objective on shares of The Sage Group plc in a research report on Wednesday, July 26th. Deutsche Bank AG increased their price objective on The Sage Group plc from GBX 650 ($8.55) to GBX 700 ($9.21) and gave the company a “hold” rating in a research report on Thursday, July 27th. Goldman Sachs Group Inc reiterated a “conviction-buy” rating and set a GBX 825 ($10.85) price objective on shares of The Sage Group plc in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 780 ($10.26) price objective on shares of The Sage Group plc in a research report on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The Sage Group plc currently has an average rating of “Hold” and a consensus price target of GBX 756.93 ($9.96).
Shares of The Sage Group plc (LON:SGE) opened at GBX 804.50 ($10.58) on Thursday. The Sage Group plc has a 52-week low of GBX 594.99 ($7.83) and a 52-week high of GBX 809.50 ($10.65).
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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