London: Sage Group The PLC (LON:SGE) Stock Has Just Had Its “Hold” Rating Reiterated by Investec. Shares now Have a GBX 535.00 Target

Share

Sage Group The PLC (LON:SGE) Rating Reaffirmed

Investec now has a GBX 535.00 PT on shares of Sage Group The PLC (LON:SGE). The PT would indicate a potential downside of -6.84% from the stock price of Sage Group The PLC (LON:SGE). This rating was announced in a note on Thursday, 3 December.

From a total of 18 analysts covering Sage Group The PLC (LON:SGE) stock, 4 rate it a ”Buy”, 7 a “Sell”, and 7 a ”Hold”. This means that 22% of the ratings are positive. The highest target price is GBX 670 while the lowest target price is GBX 360. The mean of all analyst targets is GBX 511.33 with a -6.59% below today’s (GBX 574.28) stock price. Sage Group The PLC was the topic of 33 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Numis Securities downgraded shares on December 2 to “Hold” rating. Investec maintained shares with “Hold” rating and GBX 535 target share price in a report from a November 30. Citigroup maintained SGE stock in a recent report from December 1 with “Buy” rating. Bryan Garnier & Cie maintained the rating on November 27. Bryan Garnier & Cie has a “Neutral” rating and a GBX 540 price target on shares. Finally, UBS maintained the stock with “Sell” rating in a report issued on a November 30.

The stock decreased 0.39% or GBX 2.22 on December 2, striking GBX 574.28. Approximately 7.37 million shares of stock traded hands or 338.69% up from the average. The Sage Group plc (LON:SGE) has risen 7.65% since May 6, 2015 and is uptrending. It has outperformed by 7.85% the S&P500.

London: Sage Group The PLC (LON:SGE) Stock Has Just Had Its

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 31.39 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.

COMMENTS: