The Numis Securities Ltd Lowers The Sage Group plc (SGE) to Hold

The Numis Securities Ltd Lowers The Sage Group plc (SGE) to Hold

A number of other equities research analysts also recently issued reports on SGE. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 780 ($10.02) price target on shares of The Sage Group plc in a research report on Monday. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 650 ($8.35) target price on shares of The Sage Group plc in a report on Monday. Goldman Sachs Group Inc reaffirmed a “buy” rating and issued a GBX 860 ($11.05) target price on shares of The Sage Group plc in a report on Monday. Bryan, Garnier & Co raised their target price on The Sage Group plc from GBX 640 ($8.22) to GBX 660 ($8.48) and gave the company a “neutral” rating in a report on Monday, March 6th. Finally, BNP Paribas raised The Sage Group plc to an “outperform” rating and raised their target price for the company from GBX 640 ($8.22) to GBX 750 ($9.63) in a report on Friday, February 10th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 674.93 ($8.67).

The Sage Group plc (LON:SGE) was downgraded by investment analysts at Numis Securities Ltd to a “hold” rating in a report issued on Monday. They currently have a GBX 756 ($9.71) target price on the stock, down from their previous target price of GBX 765 ($9.83). Numis Securities Ltd’s target price suggests a potential upside of 3.70% from the company’s current price.

Shares of The Sage Group plc (LON SGE) opened at 709.50 on Monday. The company has a 50-day moving average price of GBX 689.53 and a 200 day moving average price of GBX 656.18. The firm’s market cap is GBX 7.66 billion. The Sage Group plc has a 52 week low of GBX 573.00 and a 52 week high of GBX 807.49.

The firm also recently disclosed a dividend, which was paid on Friday, June 2nd. Stockholders of record on Thursday, May 11th were given a GBX 5.22 ($0.07) dividend. This represents a dividend yield of 0.74%. The ex-dividend date was Thursday, May 11th. About The Sage Group plc

The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:SGE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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