Sage Group PLC -22.9% potential downside indicated by Canaccord Genuity

Sage Group PLC with ticker (LON:SGE) now has a potential downside of -22.9% according to Canaccord Genuity.



Canaccord Genuity set a target price of 970 GBX for the company, which when compared to the Sage Group PLC share price of 1,259 GBX at opening today (01/03/2024) indicates a potential downside of -22.9%. Trading has ranged between 725 (52 week low) and 1,262 (52 week high) with an average of 2,871,747 shares exchanging hands daily. The market capitalisation at the time of writing is £12,497,859,000.

The Sage Group plc is a cloud business management solution company. The Company’s segments include North America, UK & Ireland and Europe (Central Europe, France, and Iberia). The Company is engaged in the development, distribution, and support of business management software and related products and services for small and medium-sized businesses. Its products include Sage Intacct, Sage Accounting, Sage X3, Sage People, Sage HR and others. The Sage Intacct provides cloud-native solutions for organizations across accounting, planning, analytics and payroll. Sage Accounting is designed to enable small businesses operating in any industry, as well as accountants and bookkeepers, to manage their customer data, accounts and people all in one cloud native solution. Sage People is its cloud HR and people management solution designed for mid-sized customers. It provides solutions for industries, including construction, manufacturing, and others.