Sage Group PLC -8.4% potential downside indicated by Barclays

Sage Group PLC with ticker (LON:SGE) now has a potential downside of -8.4% according to Barclays.



Barclays set a target price of 850 GBX for the company, which when compared to the Sage Group PLC share price of 928 GBX at opening today (18/07/2023) indicates a potential downside of -8.4%. Trading has ranged between 7 (52 week low) and 934 (52 week high) with an average of 2,690,372 shares exchanging hands daily. The market capitalisation at the time of writing is £9,553,615,120.

The Sage Group plc is a cloud business management solution company. The Company’s segments include Northern Europe, International-Central and Southern Europe and North America. It 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 Payroll, Sage People, Sage HR, Sage 50cloud and Sage 200cloud, and Sage X3, among others. Sage Intacct provides cloud-native solutions for organizations across accounting, planning, analytics, and payroll. Sage Accounting enables small businesses, accountants and bookkeepers to manage their customer data, accounts and people all in one cloud-native solution. Sage Payroll is a cloud-based solution that helps customers run their payroll, including pensions filing and HMRC submissions and compliance. The Company provides solutions for industries, including construction, manufacturing, and others.