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Home / Momentum / The Sage (SGE.L) 20-04-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

The Sage (SGE.L) 20-04-20

The Sage (SGE.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

  • Now trading at 641.2p (at time of writing), momentum has been robust.
  • Will it end, or is this trend your friend?
  • Is this the opportunity for momentum traders?
  • Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
  • Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
  • Shares -21% from 12-month highs; +19% from 12 month lows.

Latest News

07 Apr:  Credit Suisse reiterates its underperform rating on Sage Group (The) (SGE) and reduced the target price to 500p (from 640p).

07 Apr:  JP Morgan Cazenove reiterates its neutral rating on Sage Group (The) (SGE) and reduced the target price to 600p (from 700p).

06 Apr:  Sage, the software group, withdrew its £250m share buyback programme, cautioning that it no longer expected to hit its revenue and margin guidance for the year.

02 Apr:  UBS reiterates its sell rating on Sage Group (The) (SGE) and reduced the target price to 550p (from 640p).

01 Apr:  Sage announced it had finished the sale of its Brazilian unit.  The move was first announced by management at the start of March.

09 Mar:  Steve Hare , Chief Executive Officer, bought 5,000 shares within the firm on the 9th March 2020 at a price of 621p. This Director currently has 367,419 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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