The Sage Group plc (SGE) Stock Rating Reaffirmed by Barclays PLC

Barclays PLC reissued their underweight rating on shares of The Sage Group plc (LON:SGE) in a research report sent to investors on Wednesday. The brokerage currently has a GBX 540 ($6.67) price target on the stock.

A number of other research firms have also weighed in on SGE. Jefferies Group LLC reiterated a buy rating and set a GBX 735 ($9.08) target price on shares of The Sage Group plc in a report on Monday, November 28th. Bryan, Garnier & Co restated a sell rating and issued a GBX 690 ($8.52) price objective on shares of The Sage Group plc in a report on Wednesday, November 30th. Goldman Sachs Group Inc upgraded shares of The Sage Group plc to a conviction-buy rating and raised their price objective for the stock from GBX 850 ($10.50) to GBX 870 ($10.74) in a report on Friday, November 18th. BNP Paribas raised their price objective on shares of The Sage Group plc from GBX 604 ($7.46) to GBX 616 ($7.61) and gave the stock a neutral rating in a report on Thursday, December 1st. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 687 ($8.48) price objective on shares of The Sage Group plc in a report on Thursday, December 1st. Five analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 670.93 ($8.29).

The Sage Group plc (LON:SGE) opened at 640.50 on Wednesday. The stock has a 50 day moving average price of GBX 639.53 and a 200 day moving average price of GBX 675.24. The company’s market capitalization is GBX 6.91 billion. The Sage Group plc has a 12-month low of GBX 573.00 and a 12-month high of GBX 807.49.

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In other The Sage Group plc news, insider Donald H. Brydon bought 10,000 shares of the stock in a transaction dated Thursday, January 26th. The stock was purchased at an average cost of GBX 600 ($7.41) per share, for a total transaction of £60,000 ($74,101.52).

The Sage Group plc Company Profile

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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