Morgan Stanley announced Sage Group The PLC (LON:SGE), bumping up its stock price target to 490.00GBX today
- Updated: September 27, 2016
In a report released on 9/28/2016 Morgan Stanley increased the stock price target of Sage Group The PLC (LON:SGE) from 470.00GBX to 490.00GBX reporting a possible downside of -0.25%.
Previously on 8/16/2016, Goldman Sachs released a statement about Sage Group The PLC (LON:SGE) increased the target price from 730.00GBX to 850.00GBX. At the time, this indicated a possible upside of 0.15%.
Just yesterday Sage Group The PLC (LON:SGE) traded -0.48% lower at 649.50GBX. Sage Group The PLC’s 50-day moving average is 731.55GBX and its 200-day moving average is 653.76GBX. The last stock price is down 11.43% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,835,278 shares of SGE traded hands, up from an average trading volume of 2,406,620
Recent Performance Chart
Sage Group The PLC has 52 week low of 491.40GBX and a 52 week high of 747.50GBX with a PE ratio of 44.97 and has a market capitalization of 0 GBX.
In addition to Morgan Stanley reporting its stock price target, a total of 18 brokerages have issued a research note on the company. The average stock price target is 613.00GBX with 4 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 6 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Sage Group The PLC (LON:SGE)
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence. The Company operates through three segments: Europe, which includes operations in France, the United Kingdom and Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; Americas, which includes the United States, Brazil and Canada, and AAMEA, which include Africa, Australia, Middle East and Asia. The Africa operations are based in South Africa and the Middle East, and its Asia operations are based in Singapore, Malaysia and the United Arab Emirates. Its products include Sage One, Sage 100, Sage 50, Sage ERP X3, Sage Payment Solutions, Sage Office Line, Sage Murano, Sage Pastel, Sage VIP Payroll, Sage Handisoft and Sage 200.
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