The Sage Group plc (LON:SGE) shares shot up 0.8% during trading on Thursday . The stock traded as high as GBX 805.80 ($10.93) and last traded at GBX 805.60 ($10.92). 1,006,351 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,540,000 shares. The stock had previously closed at GBX 799.20 ($10.84).
A number of brokerages have recently weighed in on SGE. Numis Securities upped their price target on shares of The Sage Group from GBX 813 ($11.03) to GBX 861 ($11.68) and gave the stock an “add” rating in a research note on Thursday, November 23rd. Bryan, Garnier & Co raised shares of The Sage Group to a “buy” rating and upped their price target for the stock from GBX 720 ($9.76) to GBX 830 ($11.26) in a research note on Friday, September 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 780 ($10.58) price target on shares of The Sage Group in a research note on Wednesday, September 20th. Societe Generale upped their price target on shares of The Sage Group from GBX 565 ($7.66) to GBX 643 ($8.72) and gave the stock a “sell” rating in a research note on Thursday, November 23rd. Finally, Credit Suisse Group upped their price target on shares of The Sage Group from GBX 700 ($9.49) to GBX 790 ($10.71) and gave the stock a “neutral” rating in a research note on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The Sage Group currently has an average rating of “Hold” and a consensus target price of GBX 771.31 ($10.46).
The company has a market cap of $8,680.00 and a P/E ratio of 3,365.83.
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The Sage Group 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.
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