Is Sage Group The PLC (LON:SGE) Now a Sell? Numis Downgrades Stock


Sage Group The PLC (LON:SGE) Receives a Downgrade

Numis has issued an update for Sage Group The PLC (LON:SGE) shares with a new “Hold” rating in an analyst note made public on 2 December. Their target on the stock is now GBX 573.00.

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 -2.20% below today’s (GBX 548.5) stock price. Sage Group The PLC was the topic of 32 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 1 with “Buy” rating. Bryan Garnier & Cie maintained shares with “Neutral” rating and GBX 540 target share price in a report from a November 27. Canaccord Genuity upgraded SGE stock in a recent report from November 30 to “Buy” rating. Panmure Gordon maintained the rating on November 26. Panmure Gordon has a “Hold” rating and a GBX 535 price target on shares. Finally, Investec maintained the stock with “Hold” rating in a report issued on a November 30.

Approximately 2.40 million shares of stock traded hands or 42.86% up from the average. The Sage Group plc (LON:SGE) has risen 16.11% since May 5, 2015 and is uptrending. It has outperformed by 16.31% the S&P500.

 Is Sage Group The PLC (LON:SGE) Now a Sell? Numis Downgrades Stock

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 5.96 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 29.98 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.