Sage Group The PLC (LON:SGE) Rating Reaffirmed
London: In a very recent research note finalized on 30 November, Investec reiterated their Hold rating on Sage Group The PLC (LON:SGE) shares. They now have a GBX 535.00 Estimated Target Price on the company. Investec’s target may mean a potential downside of -7.16% from the company’s last close price.
From a total of 11 analysts covering Sage Group The PLC (LON:SGE) stock, 3 rate it a ”Buy”, 4 a “Sell”, and 4 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is GBX 585 while the lowest target price is GBX 375. The mean of all analyst targets is GBX 512.20 with a -11.48% below today’s (GBX 578.62) stock price. Sage Group The PLC was the topic of 27 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Bryan Garnier & Cie maintained shares on November 27 with “Neutral” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 480 target share price in a report from an October 28. Credit Suisse maintained SGE stock in a recent report from November 24 with “Underperform” rating. Barclays Capital maintained the rating on October 12. Barclays Capital has a “Underweight” rating and a GBX 375 price target on shares. Finally, AlphaValue upgraded the stock to “Add” rating in a report issued on a November 4.
Approximately 273,985 shares of stock traded hands. The Sage Group plc (LON:SGE) has risen 17.48% since May 1, 2015 and is uptrending. It has outperformed by 18.38% the S&P500.
The Sage Group plc is a United Kingdom company, which provides small and medium sized enterprises with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence. The company has a market cap of 6.24 billion GBP. The Firm operates through three divisions: Europe, which includes activities in France, the United Kingdom and Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; Americas, which includes the United States, Brazil and Canada, and AAMEA, which include Africa, Australia, Middle East and Asia. It has 31.62 P/E ratio. The Africa activities are based in South Africa and the Middle East, and its Asia activities are based in Singapore, Malaysia and the United Arab Emirates.