Trade Report: Today: The Sage Group plc’s (SGE) Buy Rating Reaffirm at Jefferies Group

Today: The Sage Group plc’s (SGE) Buy Rating Reaffirm at Jefferies Group

The Sage Group plc (LON:SGE)‘s stock had its “buy” rating reissued by analysts at Jefferies Group in a report released on Monday. They presently have a GBX 735 ($9.18) price objective on the stock. Jefferies Group’s price target would suggest a potential upside of 7.06% from the company’s current price.

A number of other analysts have also commented on the stock. BNP Paribas lowered shares of The Sage Group plc to a “sell” rating in a research note on Friday, October 21st. Goldman Sachs Group Inc. increased their price target on shares of The Sage Group plc from GBX 730 ($9.12) to GBX 850 ($10.62) and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 760 ($9.50) price target on shares of The Sage Group plc in a research report on Tuesday, August 2nd. Bryan, Garnier & Co reissued a “sell” rating and issued a GBX 600 ($7.50) price target on shares of The Sage Group plc in a research report on Friday, September 30th. Finally, Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 600 ($7.50) price target on shares of The Sage Group plc in a research report on Friday, October 7th. Seven equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 646 ($8.07).

The Sage Group plc (LON:SGE) opened at 684.50 on Monday. The firm’s market capitalization is GBX 7.36 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 702.54 and its 200-day moving average is GBX 681.20.

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