The Sage Group plc (LON:SGE – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 1,094.29.
A number of research analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,135 price target on shares of The Sage Group in a research note on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price target on 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. Citigroup raised their target price on The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 price objective on shares of The Sage Group in a research note on Wednesday, July 29th.
The Sage Group Price Performance
The Sage Group Company Profile
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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