The Sage Group (OTCMKTS:SGPYY) PT lowered to GBX 835


The Sage Group (OTCMKTS: SGPYY – Get an Assessment) had its target price lowered by Morgan Stanley stock analysts from GBX 880 ($10.47) to GBX 835 ($9.93) in a research note released Thursday, reports The Fly.

Other equity research analysts have also recently published research reports on the stock. Credit Suisse Group lowered its price target on shares of The Sage Group from GBX 838 ($9.97) to GBX 733 ($8.72) in a Friday, May 27 research note. Barclays upgraded shares of The Sage Group from an “underweight” rating to an “equal weight” rating in a Wednesday July 6 research note. JPMorgan Chase & Co. lowered its price target on shares of The Sage Group from GBX 735 ($8.74) to GBX 700 ($8.33) in a Monday, May 16 research note. Finally, UBS Group lowered its price target on shares of The Sage Group from GBX 835 ($9.93) to GBX 720 ($8.56) in a Thursday, May 26 research note. Two equity research analysts gave the stock a sell rating, five issued a hold rating and three gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $742.57.

Sage Group sources 2.0%

Sage Group stock opened at $32.03 on Thursday. The Sage Group has a 12-month low of $28.42 and a 12-month high of $47.89. The company’s fifty-day moving average price is $31.94 and its 200-day moving average price is $36.40.

Sage Group Company Profile

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The Sage Group plc, together with its subsidiaries, provides technology solutions and services to small and medium-sized businesses in North America, Northern Europe and internationally. It offers cloud-native solutions, such as Sage Intacct, cloud accounting software and financial management solutions; Sage People, a cloud-based human resources and people management solution; Sage Accounting, a solution for small businesses, bookkeepers and bookkeepers to remotely manage customer data, accounts and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a human resource management solution.

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