Technology - Software and Computer ServicesEmail
Panmure Gordon’s technology research analyst Paul Morland initiated coverage of Sage with a Sell recommendation and a target price of 590p. At the time of initiation, shares were trading at 720p.
Over the last three years, Sage’s earnings would have gone backwards had it not been for weak sterling. The outlook is now for slowing top line growth and limited margin upside, due to:
For more information, please contact Paul Morland.