JP Morgan Cazenove Gains Confidence in Sage Group (LON:SGE). Will Other Analysts Follow?


Sage Group (LON:SGE) Stock Upgrade

Sage Group (LON:SGE) shares were raised by expert analysts at JP Morgan Cazenove to a solid “Overweight” rating in a recent report announced today. Analysts now have a GBX 670.00 target PPS on the shares. JP Morgan Cazenove’s target PPS would possibly suggest a possible upside of 10.93%.

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 535.22 with a -10.11% below today’s (GBX 612) stock price. Sage Group The PLC was the topic of 38 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. JP Morgan upgraded shares on December 4 to “Overweight” rating. Numis Securities downgraded shares to “Hold” rating and GBX 573 target share price in a report from a December 2. BNP Paribas maintained SGE stock in a recent report from December 3 with “Underperform” rating. Jefferies maintained the rating on December 1. Jefferies has a “Buy” rating and a GBX 670 price target on shares. Finally, Investec maintained the stock with “Hold” rating in a report issued on a December 3.

Approximately 2.93 million shares of stock traded hands or 50.26% up from the average. The Sage Group plc (LON:SGE) has risen 10.45% since May 7, 2015 and is uptrending. It has outperformed by 13.23% the S&P500.

 JP Morgan Cazenove Gains Confidence in Sage Group (LON:SGE). Will Other Analysts Follow?

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 6.60 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 34 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.