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The Sage Group plc 1.4% Potential Decrease Indicated by Morgan Stanley

The Sage Group plc using EPIC/TICKER code (LON:SGE) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ this morning by analysts at Morgan Stanley. The Sage Group plc are listed in the Technology sector within UK Main Market. Morgan Stanley have set their target price at 570 GBX on its stock. This indicates the analyst believes there is a potential downside of -1.4% from today’s opening price of 578 GBX. Over the last 30 and 90 trading days the company share price has decreased 86.2 points and decreased 102.2 points respectively. The 1 year high for the stock price is 825.2 GBX while the 52 week low for the stock is 536.2 GBX.

The Sage Group plc has a 50 day moving average of 637.21 GBX and a 200 day moving average of 686.63. There are currently 1,084,634,581 shares in issue with the average daily volume traded being 4,375,509. Market capitalisation for LON:SGE is £6,232,309,475 GBP.