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The Sage Group plc 17.2% Potential Decrease Indicated by Deutsche Bank

The Sage Group plc using EPIC/TICKER code (LON:SGE) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘SELL’ this morning 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 540 GBX on its stock. This is indicating the analyst believes there is a potential downside of -17.2% from today’s opening price of 651.8 GBX. Over the last 30 and 90 trading days the company share price has increased 21.2 points and decreased 22.8 points respectively. The 1 year high share price is 825.2 GBX while the year low share price is currently 536.2 GBX.

The Sage Group plc has a 50 day moving average of 647.16 GBX and a 200 Day Moving Average share price is recorded at 700.61. There are currently 1,083,674,880 shares in issue with the average daily volume traded being 3,453,913. Market capitalisation for LON:SGE is £6,722,430,341 GBP.