Jefferies lowered the firm’s price target on Sage Group to 1,300 GBp from 1,400 GBp and keeps a Buy rating on the shares. New business momentum has fallen short of expectations, the analyst tells investors in a research note. The firm added that, notwithstanding this disappointment, it believes investors undervalue the durability of growth.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SGPYY:
- Sage Intacct expands its AI-driven AP Automation to support businesses globally
- Sage announces enhancements, updates for Sage Intacct
- Sage Group price target lowered to 1,250 GBp from 1,300 GBp at JPMorgan
- Sage Group price target lowered to 1,170 GBp from 1,200 GBp at Deutsche Bank
- New Sage study reveals IT channel partners embrace advisory roles to boost SMB digital agility
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue