The Sage Group (LON:SGE) had its price objective upped by equities researchers at Deutsche Bank from GBX 700 ($9.37) to GBX 740 ($9.91) in a note issued to investors on Friday, November 17th, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s target price would suggest a potential downside of 4.21% from the stock’s current price.
A number of other analysts have also commented on the stock. Canaccord Genuity reissued a “sell” rating and issued a GBX 585 ($7.83) price objective on shares of The Sage Group in a report on Wednesday, July 26th. Goldman Sachs Group reaffirmed a “buy” rating and set a GBX 850 ($11.38) price target on shares of The Sage Group in a report on Thursday, November 16th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 780 ($10.45) price objective on shares of The Sage Group in a research report on Wednesday, September 20th. Credit Suisse Group reiterated a “neutral” rating and set a GBX 700 ($9.37) price objective on shares of The Sage Group in a research report on Tuesday, October 10th. Finally, Bryan, Garnier & Co upgraded shares of The Sage Group to a “buy” rating and boosted their price target for the stock from GBX 720 ($9.64) to GBX 830 ($11.12) in a research report on Friday, September 22nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 756.93 ($10.14).
The Sage Group (LON SGE) opened at GBX 772.50 ($10.35) on Friday. The Sage Group has a 12 month low of GBX 594.99 ($7.97) and a 12 month high of GBX 820 ($10.98).
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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