The Sage Group (SGE) Given “Underweight” Rating at Barclays
The Sage Group (LON:SGE)‘s stock had its “underweight” rating reiterated by investment analysts at Barclays in a report issued on Wednesday.
Several other equities research analysts have also recently weighed in on SGE. Morgan Stanley reduced their price target on shares of The Sage Group from GBX 610 ($7.97) to GBX 570 ($7.45) and set an “underweight” rating on the stock in a research report on Wednesday, September 12th. UBS Group restated a “neutral” rating and issued a GBX 700 ($9.15) price target on shares of The Sage Group in a research report on Tuesday, September 25th. Deutsche Bank upgraded shares of The Sage Group to a “hold” rating and set a GBX 540 ($7.06) price target on the stock in a research report on Wednesday, October 10th. Canaccord Genuity upgraded shares of The Sage Group to a “hold” rating and set a GBX 540 ($7.06) price target on the stock in a research report on Tuesday, October 30th. Finally, Shore Capital restated a “buy” rating on shares of The Sage Group in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 628.33 ($8.21).
Shares of SGE opened at GBX 607.60 ($7.94) on Wednesday. The Sage Group has a fifty-two week low of GBX 613 ($8.01) and a fifty-two week high of GBX 825.20 ($10.78).
The Sage Group Company Profile
The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.
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