The Sage Group plc’s (SGE) “Buy” Rating Reiterated at Deutsche Bank AG

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The Sage Group plc (LON:SGE)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a report issued on Tuesday. They currently have a GBX 760 ($10.12) target price on the stock. Deutsche Bank AG’s price target indicates a potential upside of 4.90% from the stock’s current price.
SGE has been the subject of several other research reports. Barclays PLC increased their target price on shares of The Sage Group plc from GBX 420 ($5.59) to GBX 475 ($6.33) and gave the stock an “underweight” rating in a research note on Thursday, April 14th. Canaccord Genuity lowered shares of The Sage Group plc to a “hold” rating and lowered their target price for the stock from GBX 645 ($8.59) to GBX 620 ($8.26) in a research note on Thursday, May 5th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 670 ($8.92) target price on shares of The Sage Group plc in a research note on Friday, May 6th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 600 ($7.99) target price on shares of The Sage Group plc in a research note on Thursday, July 14th. Finally, Panmure Gordon reaffirmed a “hold” rating and set a GBX 614 ($8.18) target price on shares of The Sage Group plc in a research note on Friday, July 1st. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 628.81 ($8.38).
Shares of The Sage Group plc (LON:SGE) traded down 1.96% on Tuesday, hitting GBX 724.50. 2,158,662 shares of the stock were exchanged. The company’s 50 day moving average is GBX 722.67 and its 200-day moving average is GBX 640.44. The stock’s market cap is GBX 7.79 billion. The Sage Group plc has a 52-week low of GBX 491.40 and a 52-week high of GBX 746.00.

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About The Sage Group plc
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence.

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