Sage Group Plc (LON:SGE)‘s stock had its “buy” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Thursday, Stock Ratings Network.com reports. They currently have a GBX 395 ($6.47) price target on the stock. Citigroup Inc.’s target price suggests a potential upside of 5.93% from the company’s current price.
Shares of Sage Group Plc (LON:SGE) opened at 370.40 on Thursday. Sage Group Plc has a one year low of GBX 304.013 and a one year high of GBX 391.114. The stock has a 50-day moving average of GBX 340.5 and a 200-day moving average of GBX 348.6. The company’s market cap is £4.255 billion.
The company also recently announced a dividend, which is scheduled for Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $7.44 per share. This represents a dividend yield of 2%. The ex-dividend date is Wednesday, February 12th.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd upgraded shares of Sage Group Plc to an “add” rating in a research note to investors on Wednesday. They now have a GBX 383 ($6.27) price target on the stock. Separately, analysts at Investec reiterated a “sell” rating on shares of Sage Group Plc in a research note to investors on Wednesday. Finally, analysts at Panmure Gordon raised their price target on shares of Sage Group Plc from GBX 333 ($5.45) to GBX 341 ($5.58) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Eight research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Sage Group Plc has a consensus rating of “Hold” and a consensus target price of GBX 346.26 ($5.67).
The Sage Group plc, along with its subsidiaries, is principally engaged in development, distribution and support of business management software, and related products and services for medium-sized and smaller businesses.
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