Sage Group (LON:SGE) PT Lowered to GBX 640 at Shore Capital

Sage Group (LON:SGE) had its target price reduced by Shore Capital from GBX 672 ($9.12) to GBX 640 ($8.68) in a research report report published on Wednesday, May 2nd. They currently have a buy rating on the stock.

SGE has been the topic of several other reports. Credit Suisse Group reissued a neutral rating and set a GBX 790 ($10.72) price target on shares of Sage Group in a research report on Friday, January 26th. Canaccord Genuity lowered their price objective on shares of Sage Group from GBX 636 ($8.63) to GBX 540 ($7.33) and set a sell rating on the stock in a research note on Tuesday, April 17th. Goldman Sachs lowered their price objective on shares of Sage Group from GBX 970 ($13.16) to GBX 925 ($12.55) and set a buy rating on the stock in a research note on Tuesday, January 30th. Bryan, Garnier & Co decreased their price target on shares of Sage Group from GBX 860 ($11.67) to GBX 850 ($11.53) and set a buy rating on the stock in a research note on Thursday, January 25th. Finally, Numis Securities decreased their price target on shares of Sage Group from GBX 855 ($11.60) to GBX 690 ($9.36) and set a hold rating on the stock in a research note on Thursday, April 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Sage Group has an average rating of Hold and a consensus price target of GBX 709.83 ($9.63).

Shares of LON SGE opened at GBX 679 ($9.21) on Wednesday. Sage Group has a twelve month low of GBX 613 ($8.32) and a twelve month high of GBX 825.20 ($11.19).

The business also recently declared a dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, May 10th will be issued a GBX 5.65 ($0.08) dividend. This represents a yield of 0.89%. The ex-dividend date is Thursday, May 10th.

About Sage Group

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.

Analyst Recommendations for Sage Group (LON:SGE)

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