Back in January, I believed that my shares in Sage Group (SGE) - the “British multinational-enterprise software company, based in Newcastle upon Tyne” - had hit my 800 pence target, and thus that it was time to take my profits. A few days later, I did. But what do I think today, after a fall to around 670 pence?
From memory I have never used a product from ‘British multinational enterprise software company’ Sage Group (SGE), but I know enough people who have and they are generally pretty happy with it. Over the last couple of years or so, I have been a bit more of a fan of the shares and noted back in May that the stock was worth a buy with a 800p+ share price target. Back then the shares were about 650p and - after today’s full year numbers - they are at a 750p share price. That is not too shabby then.
I have been a fan of multinational enterprise software company Sage Group (SGE) for a while now. However - as I observed in a piece here last year - the reason I bought the stock was based on my hope of seeing it return to the 800 pence share price level it achieved during 2018 and 2019. We are nowhere near there yet, so is there still plenty of reason to be optimistic or not?
