The Sage Group’s (SGE) Neutral Rating Reiterated at UBS Group

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UBS Group restated their neutral rating on shares of The Sage Group (LON:SGE) in a research note released on Tuesday morning, investing.thisismoney.co.uk reports.

Several other research analysts have also recently issued reports on the company. Shore Capital reiterated a buy rating on shares of The Sage Group in a research report on Friday, November 2nd. Canaccord Genuity upgraded The Sage Group to a hold rating and set a GBX 540 ($7.06) price objective for the company in a research report on Tuesday, October 30th. Deutsche Bank upgraded The Sage Group to a hold rating and set a GBX 540 ($7.06) price objective for the company in a research report on Wednesday, October 10th. Barclays cut The Sage Group to an underweight rating and cut their price objective for the stock from GBX 675 ($8.82) to GBX 495 ($6.47) in a research report on Tuesday, October 9th. Finally, Morgan Stanley cut their price objective on The Sage Group from GBX 610 ($7.97) to GBX 570 ($7.45) and set an underweight rating for the company in a research report on Wednesday, September 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The Sage Group currently has a consensus rating of Hold and an average price target of GBX 666.29 ($8.71).

LON:SGE traded up GBX 1 ($0.01) during trading hours on Tuesday, hitting GBX 554.80 ($7.25). The company’s stock had a trading volume of 879,411 shares, compared to its average volume of 3,690,000. 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 Company Profile

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.

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Analyst Recommendations for The Sage Group (LON:SGE)

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