The Sage Group (LON:SGE – Get Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup in a report released on Tuesday,Digital Look reports.
A number of other equities research analysts have also recently issued reports on SGE. Canaccord Genuity Group upped their price target on shares of The Sage Group from GBX 970 ($12.14) to GBX 1,090 ($13.64) and gave the company a “sell” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Sage Group from GBX 1,170 ($14.64) to GBX 1,350 ($16.89) and gave the stock a “hold” rating in a research report on Friday, November 22nd. Finally, Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, The Sage Group currently has an average rating of “Hold” and a consensus target price of GBX 3,918 ($49.02).
Read Our Latest Research Report on The Sage Group
The Sage Group Stock Up 0.7 %
Insider Transactions at The Sage Group
In related news, insider Jonathan Howell sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.89), for a total transaction of £889,000 ($1,112,223.20). Company insiders own 1.08% 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.
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