Barclays downgraded shares of The Sage Group (LON:SGE) to an underweight rating in a report published on Tuesday. Barclays currently has GBX 495 ($6.47) price target on the stock, down from their prior price target of GBX 675 ($8.82).
SGE has been the subject of a number of other reports. 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 downgraded The Sage Group to a sell rating and lowered their price target for the stock from GBX 630 ($8.23) to GBX 540 ($7.06) in a research report on Monday, August 20th. Canaccord Genuity restated a sell rating and issued a GBX 540 ($7.06) price target on shares of The Sage Group in a research report on Thursday, June 21st. Credit Suisse Group lowered their price target on The Sage Group from GBX 790 ($10.32) to GBX 650 ($8.49) and set a neutral rating for the company in a research report on Monday, June 25th. Finally, Citigroup restated a buy rating and issued a GBX 680 ($8.89) price target on shares of The Sage Group in a research report on Monday, September 3rd. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 666.29 ($8.71).
Shares of SGE opened at GBX 564 ($7.37) 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 Company Profile
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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