Deutsche Bank Aktiengesellschaft Boosts The Sage Group (LON:SGE) Price Target to GBX 1,350

The Sage Group (LON:SGE) had its price target hoisted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,170 ($14.73) to GBX 1,350 ($17.00) in a note issued to investors on Friday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 4.53% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group boosted their price objective on The Sage Group from GBX 970 ($12.21) to GBX 1,090 ($13.72) and gave the company a “sell” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price objective on shares of The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Citigroup lifted their target price on shares of The Sage Group from £135 ($169.96) to £145 ($182.55) and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 3,481.67 ($43.83).

The Sage Group Stock Performance

LON SGE traded up GBX 26 ($0.33) on Friday, hitting GBX 1,291.50 ($16.26). The stock had a trading volume of 13,018,262 shares, compared to its average volume of 4,515,214. The stock has a market cap of £12.87 billion, a price-to-earnings ratio of 4,975.00, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The Sage Group has a one year low of GBX 954.20 ($12.01) and a one year high of GBX 1,320 ($16.62). The company’s 50-day moving average is GBX 1,029.36 and its two-hundred day moving average is GBX 1,052.16.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.99), for a total transaction of £889,000 ($1,119,224.47). Company insiders own 1.08% of the company’s stock.

The Sage Group Company Profile

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.