Is Sage Group The PLC (LON:SGE) Now a ‘Buy’? Numis Upgrades Stock


Sage Group The PLC (LON:SGE) Stock Upgrade

Numis has increased shares of Sage Group The PLC (LON:SGE) to a Add and at this point in time has a GBX 640.00 PT on the stock. This was shown in a recent report earlier today. Numis’s PT indicates a possible upside of 9.45%.

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 512.17 with a -7.66% below today’s (GBX 585) stock price. Sage Group The PLC was the topic of 35 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 3 with “Underweight” rating. UBS maintained shares with “Sell” rating and GBX 480 target share price in a report from a November 30. Numis Securities downgraded SGE stock in a recent report from December 2 to “Hold” rating. Canaccord Genuity upgraded the rating on November 30. Canaccord Genuity has a “Buy” rating and a GBX 645 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a December 1.

Approximately 644,058 shares of stock traded hands. The Sage Group plc (LON:SGE) has risen 7.65% since May 6, 2015 and is uptrending. It has outperformed by 7.94% the S&P500.

 Is Sage Group The PLC (LON:SGE) Now a ‘Buy’? Numis Upgrades 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 6.34 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 32.5 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.