The Sage Group plc 19.5% Potential Upside Indicated by Canaccord Genuity

The Sage Group plc using EPIC/TICKER code LON:SGE has had its stock rating noted as ‘Reiteration’ with the recommendation being set at ‘BUY’ this morning by analysts at Canaccord Genuity. The Sage Group plc are listed in the Technology sector within UK Main Market. Canaccord Genuity have set their target price at 680 GBX on its stock. This indicates the analyst now believes there is a potential upside of 19.5% from today’s opening price of 569 GBX. Over the last 30 and 90 trading days the company share price has decreased 17 points and decreased 132.4 points respectively.
The Sage Group plc LON:SGE has a 50 day moving average of 614.62 GBX and the 200 Day Moving Average price is recorded at 678.80The 1 year high for the stock price is 794.6 GBX while the year low share price is currently 515.6 GBX. There are currently 1,096,081,868 shares in issue with the average daily volume traded being 3,469,584. Market capitalisation for LON:SGE is £6,188,938,896 GBP.