The Sage Group plc (LON:SGE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of The Sage Group plc (LON:SGE) have earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 1,094.29.

SGE has been the topic of a number of recent research reports. UBS Group reissued a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft upped their price target on The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 price objective on shares of The Sage Group in a research report on Wednesday, July 29th. Citigroup raised their price target on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. decreased their target price on The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating on the stock in a research note on Wednesday, June 24th.

The Sage Group Stock Up 0.3%

The Sage Group stock opened at GBX 1,036 on Thursday. The Sage Group has a 1-year low of GBX 771.66 and a 1-year high of GBX 1,181. The firm has a market capitalization of £9.31 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 1.22 and a beta of 0.33. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 919.09. The firm has a 50 day simple moving average of GBX 962.08 and a 200 day simple moving average of GBX 889.91.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.