Trading Report: Today: The Sage Group plc (SGE) Receives Buy Rating from Jefferies Group

Today: The Sage Group plc (SGE) Receives Buy Rating from Jefferies Group

The Sage Group plc (LON:SGE)‘s stock had its “buy” rating reiterated by Jefferies Group in a report released on Monday. They presently have a GBX 735 ($9.12) price target on the stock. Jefferies Group’s price target would suggest a potential upside of 7.06% from the company’s current price.

Other analysts have also issued research reports about the company. Deutsche Bank AG restated a “buy” rating and set a GBX 760 ($9.43) price target on shares of The Sage Group plc in a report on Tuesday, August 2nd. Goldman Sachs Group Inc. upped their price objective on The Sage Group plc from GBX 730 ($9.06) to GBX 850 ($10.54) and gave the company a “buy” rating in a research report on Tuesday, August 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 650 ($8.06) price objective on shares of The Sage Group plc in a research report on Thursday, October 27th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 661 ($8.20) price objective on shares of The Sage Group plc in a research report on Friday, August 5th. Finally, Bryan, Garnier & Co reaffirmed a “sell” rating and issued a GBX 600 ($7.44) price objective on shares of The Sage Group plc in a research report on Friday, September 30th. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The Sage Group plc has an average rating of “Hold” and a consensus target price of GBX 646 ($8.01).

The Sage Group plc (LON:SGE) traded down 1.52% during trading on Monday, hitting GBX 680.00. The stock had a trading volume of 2,199,324 shares. The stock’s market capitalization is GBX 7.31 billion. The Sage Group plc has a 52-week low of GBX 540.50 and a 52-week high of GBX 761.00. The stock’s 50-day moving average is GBX 699.79 and its 200-day moving average is GBX 682.67.

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