Sage Group (LON:SGE) Rating Reaffirmed
In a recent research report finalized on Wednesday, 9 December, The “Sell” rating of Sage Group (LON:SGE) shares was has decided to restate at UBS, who now has a GBX 490.00 target price per share on the stock. UBS’s target price per share means a possible downside of -18.81% from the last stock price of the company.
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 -7.94% below today’s (GBX 606.53) stock price. Sage Group The PLC was the topic of 40 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 8 with “Buy” rating. Barclays Capital maintained shares with “Underweight” rating and GBX 420 target share price in a report from a December 3. JP Morgan upgraded SGE stock in a recent report from December 4 to “Overweight” rating. Investec maintained the rating on December 3. Investec has a “Hold” rating and a GBX 535 price target on shares. Finally, BNP Paribas maintained the stock with “Underperform” rating in a report issued on a December 3.
The stock increased 0.17% or GBX 1.03 on December 9, striking GBX 606.53. Approximately 3.00M shares of stock traded hands or 34.53% up from the average. The Sage Group plc (LON:SGE) has risen 11.92% since May 12, 2015 and is uptrending. It has outperformed by 12.72% 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 6.57 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 33.69 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.