The Sage Group (SGE) Rating Reiterated by J P Morgan Chase & Co
The Sage Group (LON:SGE)‘s stock had its “overweight” rating reiterated by research analysts at J P Morgan Chase & Co in a research report issued on Tuesday. They presently have a GBX 830 ($11.17) price objective on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 5.73% from the stock’s current price.
A number of other equities analysts have also weighed in on SGE. Numis Securities boosted their price objective on The Sage Group from GBX 813 ($10.94) to GBX 861 ($11.59) and gave the stock an “add” rating in a research note on Thursday, November 23rd. Societe Generale boosted their price objective on The Sage Group from GBX 565 ($7.60) to GBX 643 ($8.65) and gave the stock a “sell” rating in a research note on Thursday, November 23rd. Bryan, Garnier & Co raised The Sage Group to a “buy” rating and boosted their price objective for the stock from GBX 720 ($9.69) to GBX 830 ($11.17) in a research note on Friday, September 22nd. Goldman Sachs Group reissued a “conviction-buy” rating and set a GBX 825 ($11.10) price objective on shares of The Sage Group in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group upped their price target on The Sage Group from GBX 700 ($9.42) to GBX 790 ($10.63) and gave the company a “neutral” rating in a research note on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The Sage Group presently has an average rating of “Hold” and a consensus price target of GBX 771.31 ($10.38).
The Sage Group (LON SGE) opened at GBX 782 ($10.52) on Tuesday. The Sage Group has a fifty-two week low of GBX 594.99 ($8.01) and a fifty-two week high of GBX 820 ($11.04).
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About The Sage Group
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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