JPMorgan Chase & Co. Cuts The Sage Group (LON:SGE) Price Target to GBX 1,250

The Sage Group (LON:SGE) had its price target lowered by JPMorgan Chase & Co. from GBX 1,300 ($16.72) to GBX 1,250 ($16.08) in a research note issued to investors on Wednesday, Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 14.73% from the company’s previous close.

SGE has been the subject of a number of other reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 615 ($7.91) price target on shares of The Sage Group in a report on Monday, July 1st. Shore Capital reissued a “hold” rating on shares of The Sage Group in a report on Thursday, May 16th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,400 ($18.01) price target on shares of The Sage Group in a report on Thursday, June 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,173 ($15.09).

The Sage Group Stock Performance

Shares of SGE opened at GBX 1,089.50 ($14.01) on Wednesday. The firm has a 50-day moving average price of GBX 1,060.02 and a 200 day moving average price of GBX 1,146.29. The firm has a market capitalization of £10.88 billion, a PE ratio of 4,190.38, a P/E/G ratio of 2.80 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The Sage Group has a 52-week low of GBX 920 ($11.83) and a 52-week high of GBX 1,285 ($16.53).

Insider Buying and Selling at The Sage Group

In other news, insider Annette Court acquired 950 shares of The Sage Group stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of GBX 1,065 ($13.70) per share, with a total value of £10,117.50 ($13,014.54). Insiders own 0.67% of the company’s stock.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.