The Sage Group plc (SGE) Rating Reiterated by Canaccord Genuity
The Sage Group plc (LON:SGE)‘s stock had its “hold” rating restated by investment analysts at Canaccord Genuity in a report issued on Thursday. They currently have a GBX 650 ($8.06) target price on the stock. Canaccord Genuity’s target price indicates a potential downside of 1.14% from the stock’s previous close.
Other research analysts have also issued reports about the stock. BNP Paribas raised their price target on shares of The Sage Group plc from GBX 604 ($7.49) to GBX 616 ($7.64) and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of The Sage Group plc from GBX 700 ($8.68) to GBX 730 ($9.06) and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank AG reissued a “buy” rating and issued a GBX 760 ($9.43) target price on shares of The Sage Group plc in a research note on Thursday. Goldman Sachs Group Inc. decreased their target price on shares of The Sage Group plc from GBX 870 ($10.79) to GBX 850 ($10.54) and set a “conviction-buy” rating on the stock in a research note on Thursday. Finally, Bryan, Garnier & Co reissued a “sell” rating and issued a GBX 690 ($8.56) target price on shares of The Sage Group plc in a research note on Wednesday. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The Sage Group plc has a consensus rating of “Hold” and an average price target of GBX 648.88 ($8.05).
The Sage Group plc (LON:SGE) opened at 649.50 on Thursday. The stock’s 50 day moving average price is GBX 699.79 and its 200-day moving average price is GBX 682.67. The company’s market cap is GBX 6.99 billion. The Sage Group plc has a 1-year low of GBX 540.50 and a 1-year high of GBX 761.00.
The company also recently announced a dividend, which will be paid on Friday, March 3rd. Investors of record on Thursday, February 9th will be paid a dividend of GBX 9.35 ($0.12) per share. The ex-dividend date of this dividend is Thursday, February 9th. This represents a dividend yield of 1.42%. This is an increase from The Sage Group plc’s previous dividend of $4.80.
About The Sage Group plc
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence.
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