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The Sage Group plc 13.6% Potential Decrease Indicated by Deutsche Bank

The Sage Group plc with EPIC/TICKER (LON:SGE) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘SELL’ today by analysts at Deutsche Bank. The Sage Group plc are listed in the Technology sector within UK Main Market. Deutsche Bank have set a target price of 650 GBX on its stock. This now indicates the analyst believes there is a potential downside of -13.6% from today’s opening price of 752 GBX. Over the last 30 and 90 trading days the company share price has increased 32.2 points and increased 87.6 points respectively. The 52 week high for the share price is currently at 773.1 GBX while the 52 week low for the share price is 491.3 GBX.

The Sage Group plc has a 50 day moving average of 730.87 GBX and a 200 day moving average of 638.67. There are currently 1,086,582,669 shares in issue with the average daily volume traded being 2,474,030. Market capitalisation for LON:SGE is £8,121,119,133 GBP.