The Sage Group (LON:SGE) PT Raised to GBX 710 at Goldman Sachs Group

The Sage Group (LON:SGE) had its price target raised by research analysts at Goldman Sachs Group from GBX 650 ($8.55) to GBX 710 ($9.34) in a note issued to investors on Friday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price indicates a potential downside of 7.31% from the company’s previous close.

SGE has been the subject of a number of other research reports. Deutsche Bank upped their price target on The Sage Group from GBX 650 ($8.55) to GBX 725 ($9.54) and gave the stock a “sell” rating in a research report on Thursday. Canaccord Genuity raised The Sage Group to a “buy” rating and upped their price target for the stock from GBX 770 ($10.13) to GBX 820 ($10.79) in a research report on Thursday. UBS Group reaffirmed a “sell” rating on shares of The Sage Group in a research report on Thursday. Societe Generale upped their price target 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. Finally, Barclays upped their price target 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. Five analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 696 ($9.16).

LON SGE opened at GBX 766 ($10.08) on Friday. The business has a 50 day simple moving average of GBX 741.16 and a 200 day simple moving average of GBX 727.04. The Sage Group has a 52-week low of GBX 7.32 ($0.10) and a 52-week high of GBX 826 ($10.87). The company has a debt-to-equity ratio of 50.86, a quick ratio of 0.57 and a current ratio of 0.71. The stock has a market cap of $8.36 billion and a price-to-earnings ratio of 31.52.

In other news, insider Jonathan Howell purchased 20,000 shares of The Sage Group stock in a transaction on Monday, November 25th. The stock was purchased at an average price of GBX 745 ($9.80) per share, with a total value of £149,000 ($196,001.05). Also, insider Steve Hare sold 15,570 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of GBX 745 ($9.80), for a total value of £115,996.50 ($152,586.82). In the last ninety days, insiders have sold 49,138 shares of company stock valued at $35,440,057.

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.

Featured Article: How to Invest in an Index Fund

Analyst Recommendations for The Sage Group (LON:SGE)

Receive News & Ratings for The Sage Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group and related companies with MarketBeat.com's FREE daily email newsletter.