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

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

Several other research firms have also issued reports on SGE. Citigroup raised their price target on The Sage Group from £135 ($169.96) to £145 ($182.55) and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Finally, Canaccord Genuity Group upped their target price on The Sage Group from GBX 970 ($12.21) to GBX 1,090 ($13.72) and gave the stock a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Sage Group presently has an average rating of “Hold” and a consensus target price of GBX 3,481.67 ($43.83).

The Sage Group Price Performance

Shares of The Sage Group stock traded up GBX 26 ($0.33) during trading on Friday, hitting GBX 1,291.50 ($16.26). 13,018,262 shares of the stock traded hands, compared to its average volume of 4,515,214. The Sage Group has a 52 week low of GBX 954.20 ($12.01) and a 52 week high of GBX 1,320 ($16.62). The stock has a market cap of £12.87 billion, a price-to-earnings ratio of 4,975.00, a PEG ratio of 1.22 and a beta of 0.53. The firm’s fifty day moving average is GBX 1,029.36 and its 200-day moving average is GBX 1,052.16. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72.

Insider Buying and Selling

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of The Sage Group 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). 1.08% of the stock is currently owned by corporate insiders.

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.