The Sage Group (LON:SGE – Get Free Report) had its price target raised by analysts at Citigroup from GBX 1,050 to GBX 1,150 in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 15.60% from the company’s current price.
A number of other equities analysts also recently commented on SGE. UBS Group reiterated a “buy” rating and set a GBX 1,025 target price on shares of The Sage Group in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,000 price target on shares of The Sage Group in a report on Wednesday. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,135 price objective on shares of The Sage Group in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a report on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, The Sage Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,072.86.
Check Out Our Latest Stock Analysis on The Sage Group
The Sage Group Price Performance
The Sage Group (LON:SGE – Get Free Report) last released its earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. The firm had revenue of GBX 136.30 billion for the quarter. Analysts anticipate that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.
About The Sage Group
The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.
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