The Sage Group (LON:SGE) Given New GBX 1,050 Price Target at Deutsche Bank Aktiengesellschaft

The Sage Group (LON:SGE) had its price objective lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 900 to GBX 1,050 in a note issued to investors on Thursday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 5.70% from the stock’s previous close.

A number of other brokerages have also recently issued reports on SGE. Citigroup boosted their target price on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,135 price objective on shares of The Sage Group in a research note on Wednesday. JPMorgan Chase & Co. dropped their price objective on The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating on the stock in a report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of The Sage Group in a report on Wednesday. Finally, UBS Group reissued a “buy” rating and issued a GBX 1,025 price target on shares of The Sage Group in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,094.29.

The Sage Group Price Performance

SGE opened at GBX 993.40 on Thursday. The company has a market capitalization of £8.92 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.22 and a beta of 0.30. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 919.09. The firm has a 50-day moving average price of GBX 846.19 and a 200-day moving average price of GBX 870.26. The Sage Group has a twelve month low of GBX 771.66 and a twelve month high of GBX 1,234.

The Sage Group (LON:SGE) last announced its quarterly earnings results on Friday, May 22nd. The company reported GBX 23.74 EPS for the quarter. The company had revenue of GBX 136.30 billion for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. Equities analysts expect that The Sage Group will post 42.1496095 EPS for the current year.

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.