UBS analyst Michael Briest maintained a Hold rating on Sage Group plc (SGE – Research Report) today and set a price target of p1,420.00. The company’s shares opened today at p1,329.00.
According to TipRanks, Briest is a 4-star analyst with an average return of 5.1% and a 58.25% success rate.
In addition to UBS, Sage Group plc also received a Hold from Bernstein’s Richard Nguyen in a report issued on January 30. However, on January 31, Barclays assigned a Sell rating to Sage Group plc (LSE: SGE).
Based on Sage Group plc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p1.15 billion and a net profit of p156 million. In comparison, last year the company earned a revenue of p1.09 billion and had a net profit of p100 million
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SGE in relation to earlier this year.
