The Sage Group plc (SGE) Insider Sells £634,256.16 in Stock

The Sage Group plc (LON:SGE) insider Steve Hare sold 93,136 shares of The Sage Group plc stock in a transaction dated Friday, August 4th. The stock was sold at an average price of GBX 681 ($8.84), for a total value of £634,256.16 ($823,388.50).

Shares of The Sage Group plc (SGE) traded down 0.57% during midday trading on Thursday, reaching GBX 700.00. 1,807,256 shares of the company’s stock were exchanged. The Sage Group plc has a one year low of GBX 594.99 and a one year high of GBX 807.49. The firm’s market cap is GBX 7.55 billion. The stock’s 50-day moving average is GBX 683.46 and its 200 day moving average is GBX 670.23.

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A number of research analysts recently issued reports on SGE shares. Credit Suisse Group restated an “underperform” rating and set a GBX 600 ($7.79) price target on shares of The Sage Group plc in a report on Wednesday, April 19th. Numis Securities Ltd restated an “add” rating and set a GBX 765 ($9.93) price target on shares of The Sage Group plc in a report on Wednesday, May 3rd. Citigroup Inc. restated a “buy” rating and set a GBX 780 ($10.13) price target on shares of The Sage Group plc in a report on Thursday, May 4th. Deutsche Bank AG lifted their price objective on The Sage Group plc from GBX 615 ($7.98) to GBX 650 ($8.44) and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Canaccord Genuity reaffirmed a “sell” rating and set a GBX 585 ($7.59) price objective on shares of The Sage Group plc in a research report on Thursday, May 4th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 692.14 ($8.99).

The Sage Group plc Company Profile

The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.