Sage Group (LON:SGE) Rating Reaffirmed
In recent note finalized this morning, Credit Suisse has decided to restate their Underperform rating on Sage Group (LON:SGE) shares. The PT may imply a possible downside of -13.30% from firm’s last price.
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 710 while the lowest target price is GBX 360. The mean of all analyst targets is GBX 541.72 with a -5.55% below today’s (GBX 592) stock price. Sage Group The PLC was the topic of 41 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on December 9 with “Sell” rating. Barclays Capital maintained shares with “Underweight” rating and GBX 420 target share price in a report from a December 3. Numis Securities maintained SGE stock in a recent report from December 7 with “Add” rating. BNP Paribas maintained the rating on December 3. BNP Paribas has a “Underperform” rating and a GBX 495 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a December 3.
Approximately 1.79M shares of stock traded hands. The Sage Group plc (LON:SGE) has risen 11.14% since May 13, 2015 and is uptrending. It has outperformed by 13.08% 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 6.38 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 32.89 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.