The Sage Group (SGE) Receives “Overweight” Rating from J P Morgan Chase & Co

J P Morgan Chase & Co reissued their overweight rating on shares of The Sage Group (LON:SGE) in a report released on Tuesday. J P Morgan Chase & Co currently has a GBX 830 ($11.17) price target on the stock.

Several other research firms have also recently commented on SGE. Deutsche Bank increased their price objective on The Sage Group from GBX 700 ($9.42) to GBX 740 ($9.96) and gave the company a hold rating in a research report on Friday, November 17th. Bryan, Garnier & Co raised The Sage Group to a buy rating and increased their price objective for the company from GBX 720 ($9.69) to GBX 830 ($11.17) in a research report on Friday, September 22nd. Canaccord Genuity increased their price objective on The Sage Group from GBX 585 ($7.87) to GBX 636 ($8.56) and gave the company a sell rating in a research report on Thursday, November 23rd. Credit Suisse Group reaffirmed a neutral rating and set a GBX 700 ($9.42) price objective on shares of The Sage Group in a research report on Tuesday, October 10th. Finally, Barclays reaffirmed an equal weight rating on shares of The Sage Group in a research report on Thursday, November 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 771.31 ($10.38).

Shares of The Sage Group (LON:SGE) opened at GBX 778.46 ($10.48) on Tuesday. The Sage Group has a 12-month low of GBX 594.99 ($8.01) and a 12-month high of GBX 820 ($11.04).

The company also recently announced a dividend, which will be paid on Friday, March 2nd. Shareholders of record on Thursday, February 8th will be given a GBX 10.20 ($0.14) dividend. This represents a yield of 1.27%. This is a boost from The Sage Group’s previous dividend of $5.22. The ex-dividend date is Thursday, February 8th.

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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)

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