The Sage Group plc’s (SGE) “Underweight” Rating Reaffirmed at Barclays PLC

Barclays PLC reiterated their underweight rating on shares of The Sage Group plc (LON:SGE) in a report issued on Tuesday morning. Barclays PLC currently has a GBX 540 ($6.57) price objective on the stock.

Several other brokerages also recently issued reports on SGE. Credit Suisse Group reissued an underperform rating and set a GBX 600 ($7.30) price target on shares of The Sage Group plc in a report on Friday, October 7th. Bryan, Garnier & Co boosted their price target on shares of The Sage Group plc from GBX 600 ($7.30) to GBX 690 ($8.39) and gave the company a sell rating in a report on Wednesday, October 12th. Morgan Stanley boosted their price target on shares of The Sage Group plc from GBX 470 ($5.72) to GBX 490 ($5.96) and gave the company an underweight rating in a report on Wednesday, September 28th. BNP Paribas downgraded shares of The Sage Group plc to a sell rating in a report on Friday, October 21st. Finally, Canaccord Genuity reissued a hold rating and set a GBX 650 ($7.90) price target on shares of The Sage Group plc in a report on Thursday, October 27th. Six research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 649.13 ($7.89).

Analyst Recommendations for The Sage Group plc (LON:SGE)

Shares of The Sage Group plc (LON:SGE) traded up 1.28% during trading on Tuesday, hitting GBX 670.00. 1,860,665 shares of the stock were exchanged. The Sage Group plc has a 12-month low of GBX 543.00 and a 12-month high of GBX 761.00. The stock’s market cap is GBX 7.23 billion. The stock has a 50-day moving average of GBX 655.46 and a 200 day moving average of GBX 690.19.

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The company also recently declared a dividend, which will be paid on Friday, March 3rd. Investors of record on Thursday, February 9th will be paid a GBX 9.35 ($0.11) dividend. This is a boost from The Sage Group plc’s previous dividend of $4.80. The ex-dividend date is Thursday, February 9th. This represents a dividend yield of 1.42%.

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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