Sage shines while others falter
Benefits from buy signal
Accounting software firm Sage Group has
performed strongly on the FTSE 100 while
other technology stocks have floundered.
On Friday last week, the FTSE 100 dived 122.1 points to 6,191.2, following
recessionary worries in the US tipping.
But Sage rose 4.25p to 243p helped by an upgrade from UBS, which moved from
‘neutral’ to ‘buy’ with a price target of 285p.
Further reading:
‘Undervalued’ Sage shares climb
Netsuite offers lure to tempt Sage customers