The Sage Group (LON:SGE) had its price target upped by investment analysts at Goldman Sachs Group from GBX 650 ($8.55) to GBX 710 ($9.34) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group’s price target would suggest a potential downside of 5.84% from the company’s current price.
A number of other equities research analysts have also weighed in on the company. UBS Group restated a “sell” rating on shares of The Sage Group in a research report on Thursday. Societe Generale boosted their price objective on The Sage Group from GBX 536 ($7.05) to GBX 590 ($7.76) and gave the stock a “sell” rating in a research report on Thursday, November 21st. Barclays boosted their price objective on The Sage Group from GBX 580 ($7.63) to GBX 620 ($8.16) and gave the stock an “underweight” rating in a research report on Friday, January 10th. Shore Capital lowered The Sage Group to a “hold” rating in a research report on Monday, November 18th. Finally, Canaccord Genuity upgraded The Sage Group to a “buy” rating and boosted their price objective for the stock from GBX 770 ($10.13) to GBX 820 ($10.79) in a research report on Thursday. Five analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 696 ($9.16).
Shares of SGE stock opened at GBX 754 ($9.92) on Friday. The firm has a market capitalization of $8.23 billion and a P/E ratio of 31.03. The Sage Group has a twelve month low of GBX 7.32 ($0.10) and a twelve month high of GBX 826 ($10.87). The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 50.86. The stock’s fifty day simple moving average is GBX 740.17 and its 200 day simple moving average is GBX 727.28.
In other The Sage Group news, insider Steve Hare sold 2,713 shares of The Sage Group stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 724 ($9.52), for a total transaction of £19,642.12 ($25,838.10). Also, insider Jonathan Howell sold 30,855 shares of The Sage Group stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of GBX 709 ($9.33), for a total value of £218,761.95 ($287,768.94). Insiders have sold a total of 49,138 shares of company stock worth $35,440,057 over the last ninety days.
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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