The Sage Group (SGE) Lowered to Underweight at Barclays
Barclays lowered shares of The Sage Group (LON:SGE) to an underweight rating in a report published on Tuesday morning. Barclays currently has GBX 495 ($6.47) target price on the stock, down from their previous target price of GBX 675 ($8.82).
Other equities analysts have also issued research reports about the company. Citigroup restated a buy rating and set a GBX 680 ($8.89) price target on shares of The Sage Group in a research note on Monday, September 3rd. Shore Capital restated a buy rating on shares of The Sage Group in a research note on Thursday, August 2nd. Numis Securities restated a hold rating on shares of The Sage Group in a research note on Friday, August 3rd. Deutsche Bank cut their price target on The Sage Group from GBX 740 ($9.67) to GBX 630 ($8.23) and set a hold rating on the stock in a research note on Friday, August 3rd. Finally, UBS Group restated a neutral rating and set a GBX 700 ($9.15) price target on shares of The Sage Group in a research note on Tuesday, September 25th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 666.29 ($8.71).
Shares of The Sage Group stock opened at GBX 564 ($7.37) on Tuesday. The Sage Group has a 12 month low of GBX 613 ($8.01) and a 12 month high of GBX 825.20 ($10.78).
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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