The Sage Group (SGE) Price Target Lowered to GBX 505 at Deutsche Bank

The Sage Group (LON:SGE) had its price objective decreased by Deutsche Bank from GBX 540 ($7.06) to GBX 505 ($6.60) in a research report sent to investors on Thursday morning. Deutsche Bank currently has a hold rating on the stock.

Several other equities research analysts also recently commented on SGE. Shore Capital reiterated a buy rating on shares of The Sage Group in a report on Thursday, August 2nd. Numis Securities restated a hold rating on shares of The Sage Group in a report on Friday, August 3rd. UBS Group restated a neutral rating and set a GBX 700 ($9.15) price objective (down from GBX 740 ($9.67)) on shares of The Sage Group in a report on Friday, August 3rd. Citigroup restated a buy rating and set a GBX 680 ($8.89) price objective on shares of The Sage Group in a report on Monday, September 3rd. Finally, Morgan Stanley dropped their price objective on The Sage Group from GBX 610 ($7.97) to GBX 570 ($7.45) and set an underweight rating on the stock in a report on Wednesday, September 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 638.69 ($8.35).

Shares of LON:SGE traded up GBX 16.20 ($0.21) during mid-day trading on Thursday, hitting GBX 576.40 ($7.53). 4,133,044 shares of the company traded hands, 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 company also recently declared a dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be issued a GBX 10.85 ($0.14) dividend. This represents a dividend yield of 1.98%. This is an increase from The Sage Group’s previous dividend of $5.65. The ex-dividend date of this dividend is Thursday, February 7th.

In other news, insider Donald H. Brydon purchased 22,000 shares of the stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average cost of GBX 515 ($6.73) per share, for a total transaction of £113,300 ($148,046.52).

About The 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.

Read More: What factors cause inflation to rise?

Analyst Recommendations for The Sage Group (LON:SGE)

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

Leave a Reply