The Sage Group (LON:SGE) was downgraded by stock analysts at Barclays to an “underweight” rating in a report released on Tuesday. They presently have a GBX 495 ($6.47) price objective on the stock, down from their previous price objective of GBX 675 ($8.82). Barclays’ target price points to a potential downside of 10.78% from the stock’s previous close.
SGE has been the topic of several other research reports. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 540 ($7.06) price objective on shares of The Sage Group in a research note on Tuesday, September 4th. Numis Securities reaffirmed a “hold” rating on shares of The Sage Group in a research note on Friday, August 3rd. Shore Capital reissued a “buy” rating on shares of The Sage Group in a research note on Thursday, August 2nd. UBS Group reissued a “neutral” rating and set a GBX 700 ($9.15) target price on shares of The Sage Group in a research note on Tuesday, September 25th. Finally, Citigroup reissued a “buy” rating and set a GBX 680 ($8.89) target price on shares of The Sage Group in a research note on Monday, September 3rd. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 666.29 ($8.71).
LON SGE opened at GBX 554.80 ($7.25) on Tuesday. The Sage Group has a 52 week low of GBX 613 ($8.01) and a 52 week high of GBX 825.20 ($10.78).
The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.
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