The Sage Group (SGE) Rating Increased to Hold at Deutsche Bank
Several other research firms have also recently commented on SGE. UBS Group reiterated a neutral rating and set a GBX 700 ($9.15) price target (down previously from GBX 740 ($9.67)) on shares of The Sage Group in a report on Friday, August 3rd. Numis Securities reiterated a hold rating on shares of The Sage Group in a report on Friday, August 3rd. Canaccord Genuity reiterated a sell rating and set a GBX 540 ($7.06) price target on shares of The Sage Group in a report on Thursday, June 21st. Credit Suisse Group lowered their price target on shares of The Sage Group from GBX 790 ($10.32) to GBX 650 ($8.49) and set a neutral rating for the company in a report on Monday, June 25th. Finally, Shore Capital reiterated a buy rating on shares of The Sage Group in a report on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The Sage Group currently has an average rating of Hold and an average price target of GBX 666.29 ($8.71).
LON SGE opened at GBX 564 ($7.37) on Wednesday. The Sage Group has a 52 week low of GBX 613 ($8.01) and a 52 week 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.
Further Reading: Book Value Of Equity Per Share – BVPS Explained
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