In a report released today, Balajee Tirupati from Citi maintained a Buy rating on Sage Group plc, with a price target of £15.00. The company’s shares closed yesterday at p1,113.50.
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According to TipRanks, Tirupati is a 2-star analyst with an average return of 1.7% and a 56.25% success rate. Tirupati covers the Technology sector, focusing on stocks such as Sage Group plc, Softcat, and Dassault Systemes.
Currently, the analyst consensus on Sage Group plc is a Moderate Buy with an average price target of p1,313.44.
Based on Sage Group plc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p621 million and a net profit of p90 million. In comparison, last year the company earned a revenue of p1.15 billion and had a net profit of p156 million
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SGE in relation to earlier this year.
Read More on GB:SGE:
Disclaimer & DisclosureReport an Issue
- Sage Group Announces Total Voting Rights Update
- Market Overreaction Presents Buying Opportunity for Sage Group plc Despite Slowing ARR Growth
- Sage Group price target lowered to 1,320 GBp from 1,480 GBp at Jefferies
- Sage Group Announces Key Leadership Appointment
- Sage Group’s Executive Exercises Share Options, Enhancing Stakeholder Alignment
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