Barclays Reiterates “Underweight” Rating for The Sage Group (SGE)

The Sage Group (LON:SGE)‘s stock had its “underweight” rating restated by Barclays in a report released on Thursday.

Several other research firms have also recently commented on SGE. Morgan Stanley lowered their target price on shares of The Sage Group from GBX 610 ($7.97) to GBX 570 ($7.45) and set an “underweight” rating for the company in a research note on Wednesday, September 12th. UBS Group reaffirmed a “neutral” rating on shares of The Sage Group in a research note on Tuesday, November 6th. Canaccord Genuity raised shares of The Sage Group to a “hold” rating and set a GBX 540 ($7.06) target price for the company in a research note on Tuesday, October 30th. Citigroup reaffirmed a “buy” rating and issued a GBX 680 ($8.89) target price on shares of The Sage Group in a research note on Monday, September 3rd. Finally, Deutsche Bank reaffirmed a “sell” rating and issued a GBX 540 ($7.06) target price on shares of The Sage Group in a research note on Tuesday, September 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 629.17 ($8.22).

Shares of SGE opened at GBX 580 ($7.58) on Thursday. The Sage Group has a 1-year low of GBX 613 ($8.01) and a 1-year high of GBX 825.20 ($10.78).

In related news, insider Jonathan Howell purchased 44,000 shares of the firm’s stock in a transaction on Wednesday, December 5th. The shares were bought at an average price of GBX 591 ($7.72) per share, for a total transaction of £260,040 ($339,788.32). Also, insider Donald H. Brydon purchased 22,000 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was bought at an average price of GBX 515 ($6.73) per share, for a total transaction of £113,300 ($148,046.52).

About The Sage Group

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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Analyst Recommendations for The Sage Group (LON:SGE)

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