The Sage Group plc 15.7% Potential Decrease Indicated by Goldman Sachs

Broker Ratings
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The Sage Group plc using EPIC/TICKER code (LON:SGE) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ today by analysts at Goldman Sachs. The Sage Group plc are listed in the Technology sector within UK Main Market. Goldman Sachs have set their target price at 525 GBX on its stock. This now indicates the analyst believes there is a potential downside of -15.7% from today’s opening price of 623 GBX. Over the last 30 and 90 trading days the company share price has increased 10.8 points and decreased 168.4 points respectively. The 52 week high for the stock is 826 GBX while the 52 week low for the share price is 515.6 GBX.

The Sage Group plc has a 50 day moving average of 622.97 GBX and the 200 Day Moving Average price is recorded at 703.50. There are currently 1,090,584,541 shares in issue with the average daily volume traded being 4,000,533. Market capitalisation for LON:SGE is £6,877,225,849 GBP.

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    Sage Group plc (LON:SGE) CEO Steve Hare discusses strong first-half results, revenue growth, and innovation in automating accounting workflows.

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