Bryan, Garnier & Co Reiterates “Sell” Rating for The Sage Group plc (SGE)
The Sage Group plc (LON:SGE)‘s stock had its “sell” rating restated by research analysts at Bryan, Garnier & Co in a research note issued to investors on Friday. They presently have a GBX 600 ($7.83) price target on the stock. Bryan, Garnier & Co’s target price points to a potential downside of 20.21% from the company’s current price.
Other equities analysts have also issued reports about the company. Canaccord Genuity raised their price target on The Sage Group plc from GBX 620 ($8.09) to GBX 650 ($8.48) and gave the stock a “hold” rating in a report on Tuesday, July 26th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 614 ($8.01) price target on shares of The Sage Group plc in a report on Friday, July 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 760 ($9.92) price target on shares of The Sage Group plc in a report on Wednesday, July 27th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 580 ($7.57) price target on shares of The Sage Group plc in a report on Monday, June 27th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 700 ($9.14) price objective on shares of The Sage Group plc in a research note on Wednesday, July 27th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 635.06 ($8.29).
The Sage Group plc (LON:SGE) opened at 756.1202 on Friday. The Sage Group plc has a 12-month low of GBX 511.50 and a 12-month high of GBX 761.00. The firm’s market cap is GBX 8.13 billion. The stock’s 50 day moving average price is GBX 732.99 and its 200-day moving average price is GBX 657.27.
About The Sage Group plc
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence.
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