The Sage Group plc (LON:SGE)‘s stock had its “hold” rating reaffirmed by equities research analysts at Panmure Gordon in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 594 ($8.46) target price on the stock. Panmure Gordon’s price target indicates a potential downside of 4.35% from the stock’s current price.

Several other research firms have also commented on SGE. Barclays reaffirmed an “underweight” rating and set a GBX 375 ($5.34) price target on shares of The Sage Group plc in a research report on Monday, October 12th. Credit Suisse reaffirmed an “underperform” rating and set a GBX 515 ($7.34) price target on shares of The Sage Group plc in a research report on Thursday, January 21st. Citigroup Inc. reaffirmed a “buy” rating on shares of The Sage Group plc in a research report on Tuesday, December 1st. Bank of America upgraded The Sage Group plc to a “buy” rating and set a GBX 660 ($9.40) price objective for the company in a research note on Monday, January 11th. Finally, BNP Paribas reiterated an “underperform” rating and set a GBX 495 ($7.05) price objective on shares of The Sage Group plc in a research note on Thursday, December 3rd. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 573.89 ($8.18).

The Sage Group plc (LON:SGE) traded up 2.81% on Wednesday, hitting GBX 621.00. 3,422,341 shares of the company’s stock traded hands. The stock has a 50 day moving average price of GBX 584.52 and a 200-day moving average price of GBX 543.41. The Sage Group plc has a 12 month low of GBX 363.39 and a 12 month high of GBX 625.50. The stock’s market cap is GBX 6.64 billion.

The business also recently declared a dividend, which will be paid on Friday, March 4th. Investors of record on Thursday, February 11th will be issued a dividend of GBX 8.65 ($0.12) per share. The ex-dividend date is Thursday, February 11th. This represents a yield of 1.5%.

The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (LON:SGE) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence. The Company operates through three segments: Europe, which includes operations in France, the United Kingdom and Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; Americas, which includes the United States, Brazil and Canada, and AAMEA, which include Africa, Australia, Middle East and Asia. The Africa operations are based in South Africa and the Middle East, and its Asia operations are based in Singapore, Malaysia and the United Arab Emirates. Its products include Sage One, Sage 100, Sage 50, Sage ERP X3, Sage Payment Solutions, Sage Office Line, Sage Murano, Sage Pastel, Sage VIP Payroll, Sage Handisoft and Sage 200.

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