Sage stock hits one-year low as SGE.L slides again, with broker cut and buyback in play
Sage Group shares fell 2% on Thursday, touching a one-year low of 967 pence before recovering slightly to 975.2 pence by 0942 GMT. The drop followed a Deutsche Bank price target cut and news of an ongoing share buyback. Sage reported 10% revenue growth for the quarter, reaffirming guidance. The AGM is set for Feb. 5, with a final dividend vote scheduled.