The Sage Group’s (SGE) “Sell” Rating Reiterated at Deutsche Bank
SGE has been the subject of a number of other reports. UBS Group restated a neutral rating and set a GBX 700 ($9.03) price target (down from GBX 740 ($9.55)) on shares of The Sage Group in a report on Friday, August 3rd. Canaccord Genuity restated a sell rating and set a GBX 540 ($6.97) price target on shares of The Sage Group in a report on Thursday, June 21st. Credit Suisse Group decreased their price target on shares of The Sage Group from GBX 790 ($10.19) to GBX 650 ($8.38) and set a neutral rating for the company in a report on Monday, June 25th. Citigroup restated a buy rating and set a GBX 680 ($8.77) price target on shares of The Sage Group in a report on Monday, September 3rd. Finally, Barclays restated an equal weight rating on shares of The Sage Group in a report on Tuesday, July 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The Sage Group currently has an average rating of Hold and a consensus price target of GBX 688.31 ($8.88).
SGE stock opened at GBX 581.60 ($7.50) on Tuesday. The Sage Group has a 52-week low of GBX 613 ($7.91) and a 52-week high of GBX 825.20 ($10.64).
The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.
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