Jefferies Group Reaffirms Buy Rating for The Sage Group plc (SGE)
Jefferies Group reaffirmed their buy rating on shares of The Sage Group plc (LON:SGE) in a research report report published on Monday. The firm currently has a GBX 735 ($9.12) target price on the stock.
A number of other analysts have also recently commented on SGE. Canaccord Genuity reiterated a hold rating and issued a GBX 650 ($8.06) target price on shares of The Sage Group plc in a research note on Thursday, October 27th. Panmure Gordon reissued a hold rating and set a GBX 661 ($8.20) price target on shares of The Sage Group plc in a research report on Friday, August 5th. Barclays PLC raised their price target on shares of The Sage Group plc from GBX 475 ($5.89) to GBX 540 ($6.70) and gave the stock an underweight rating in a research report on Monday, October 17th. Deutsche Bank AG reissued a buy rating and set a GBX 760 ($9.43) price target on shares of The Sage Group plc in a research report on Monday, August 15th. Finally, Bryan, Garnier & Co raised their price target on shares of The Sage Group plc from GBX 600 ($7.44) to GBX 690 ($8.56) and gave the stock a sell rating in a research report on Wednesday, October 12th. Seven analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 644.75 ($8.00).
The Sage Group plc (LON:SGE) opened at 657.00 on Monday. The company’s market cap is GBX 7.07 billion. The company’s 50 day moving average is GBX 699.79 and its 200-day moving average is GBX 682.67. The Sage Group plc has a 12 month low of GBX 540.50 and a 12 month high of GBX 761.00.
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The firm also recently announced a dividend, which will be paid on Friday, March 3rd. Shareholders of record on Thursday, February 9th will be paid a dividend of GBX 9.35 ($0.12) per share. This represents a yield of 1.42%. The ex-dividend date of this dividend is Thursday, February 9th. This is a boost from The Sage Group plc’s previous dividend of $4.80.
The Sage Group plc Company Profile
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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