The Sage Group (LON:SGE – Get Free Report)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, MarketBeat.com reports. They presently have a GBX 1,300 ($16.44) price objective on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 20.93% from the company’s previous close.
Several other brokerages have also commented on SGE. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 615 ($7.78) price target on shares of The Sage Group in a research note on Monday. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research note on Thursday, May 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,400 ($17.71) price target on shares of The Sage Group in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, The Sage Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,127.50 ($14.26).
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The Sage Group Stock Up 0.1 %
Insider Activity
In other The Sage Group news, insider Annette Court purchased 950 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average cost of GBX 1,065 ($13.47) per share, for a total transaction of £10,117.50 ($12,797.24). Corporate insiders own 0.67% of the company’s stock.
About The Sage Group
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.
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