The Sage Group (SGE) Raised to “Hold” at Deutsche Bank

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Deutsche Bank upgraded shares of The Sage Group (LON:SGE) to a hold rating in a research note issued to investors on Wednesday. The brokerage currently has GBX 540 ($7.06) price objective on the stock.

Several other brokerages have also issued reports on SGE. Numis Securities reaffirmed a hold rating on shares of The Sage Group in a research note on Friday, August 3rd. Shore Capital reaffirmed a buy rating on shares of The Sage Group in a research note on Thursday, August 2nd. Barclays lowered The Sage Group to an underweight rating and cut their target price for the stock from GBX 675 ($8.82) to GBX 495 ($6.47) in a research note on Tuesday, October 9th. Morgan Stanley cut their target price on 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. Finally, 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. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 666.29 ($8.71).

Shares of SGE opened at GBX 564 ($7.37) on Wednesday. The Sage Group has a 1 year low of GBX 613 ($8.01) and a 1 year 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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Analyst Recommendations for The Sage Group (LON:SGE)

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