In a report released yesterday, George Webb from Morgan Stanley maintained a Buy rating on Sage Group plc, with a price target of p1,125.00. The company’s shares closed yesterday at p829.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Webb is ranked #6519 out of 12332 analysts.
In addition to Morgan Stanley, Sage Group plc also received a Buy from Jefferies’s Charles Brennan in a report issued on June 25. However, on July 7, Barclays assigned a Sell rating to Sage Group plc (LSE: SGE).
Based on Sage Group plc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p1.36 billion and a net profit of p196 million. In comparison, last year the company earned a revenue of p1.24 billion and had a net profit of p180 million
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SGE in relation to earlier this year.
