Sage Group PLC -17.8% potential downside indicated by Canaccord Genuity

Sage Group PLC with ticker (LON:SGE) now has a potential downside of -17.8% according to Canaccord Genuity.



Canaccord Genuity set a target price of 970 GBX for the company, which when compared to the Sage Group PLC share price of 1,181 GBX at opening today (12/12/2023) indicates a potential downside of -17.8%. Trading has ranged between 725 (52 week low) and 1,197 (52 week high) with an average of 3,154,661 shares exchanging hands daily. The market capitalisation at the time of writing is £12,195,076,031.

The Sage Group plc is a cloud business management solution company. The Company’s segments include Northern Europe, International-Central and Southern Europe and North America. It is engaged in the development, distribution, and support of business management software and related products and services for small and medium-sized businesses. Its products include Sage Intacct, Sage Accounting, Sage Payroll, Sage People, Sage HR, Sage 50cloud and Sage 200cloud, and Sage X3, among others. Sage Intacct provides cloud-native solutions for organizations across accounting, planning, analytics, and payroll. Sage Accounting enables small businesses, accountants and bookkeepers to manage their customer data, accounts and people all in one cloud-native solution. Sage Payroll is a cloud-based solution that helps customers run their payroll, including pensions filing and HMRC submissions and compliance. The Company provides solutions for industries, including construction, manufacturing, and others.