The Sage Group (SGE.L) 26-02-20
Will The Sage Group (SGE.L) shares break below the 721p support zone, or will it return to highs of 794p (+8%)?
- Currently trading around the 721p support at 729.8p (at time of writing).
- The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
- Highs of 794p have been seen in the recent past. Will we see this again? (+8%)
- Shares -11% from 12-month highs; +11% from 12 month lows.
Latest News
24 Jan: Goldman Sachs reiterates its neutral rating on Sage Group (The) (SGE) and increased the target price to 710p (from 650p).
23 Jan: Credit Suisse reiterates its underperform rating on Sage Group (The) (SGE) and increased the target price to 640p (from 610p).
23 Jan: Deutsche Bank reiterates its sell rating on Sage Group (The) (SGE) and increased the target price to 725p (from 650p).
22 Jan: Sage, the accounting software company, announced that its revenue within Q1 had risen 6.7%, pushed by new subscriptions. Total revenue for the quarter to the end of December was up to £465m.
17 Jan: Sage announced that Blair Crump, president and executive director, would retire from his role at the end of March. He joined in August 2016 to head up the customer service and sales operations.
10 Jan: Barclays Capital reiterates its underweight rating on Sage Group (The) (SGE) and increased the target price to 620p (from 580p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires