The Sage Group (LON:SGE) Price Target Raised to GBX 740 at Deutsche Bank

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).

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by Week Herald and is the property of of Week Herald. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://weekherald.com/2017/12/04/the-sage-group-plc-sge-price-target-raised-to-gbx-740-at-deutsche-bank-ag.html.

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.

Analyst Recommendations for The Sage Group (LON:SGE)

Receive News & Ratings for The Sage Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply