The Sage Group plc 16.4% Potential Decrease Indicated by Societe Generale

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 Societe Generale. The Sage Group plc are listed in the Technology sector within UK Main Market. Societe Generale have set a target price of 590 GBX on its stock. This is indicating the analyst believes there is a potential downside of -16.4% from today’s opening price of 706 GBX. Over the last 30 and 90 trading days the company share price has increased 18 points and increased 10.6 points respectively. The 1 year high share price is 826 GBX while the 52 week low for the stock is 491.3 GBX.

The Sage Group plc has a 50 day moving average of 704.63 GBX and the 200 Day Moving Average price is recorded at 724.83. There are currently 1,088,937,244 shares in issue with the average daily volume traded being 2,103,939. Market capitalisation for LON:SGE is £7,677,007,570 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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