The Sage Group (LON:SGE) Sets New 12-Month High – What’s Next?

Shares of The Sage Group plc (LON:SGE) hit a new 52-week high during trading on Thursday. The stock traded as high as GBX 1,201.27 and last traded at GBX 1,196.50, with a volume of 4,623,446 shares traded. The stock had previously closed at GBX 1,189.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SGE. Canaccord Genuity Group raised shares of The Sage Group to a “hold” rating and increased their target price for the company from GBX 1,135 to GBX 1,230 in a research report on Monday, October 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the stock a “hold” rating in a report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price objective on shares of The Sage Group in a research note on Wednesday, July 29th. Finally, Citigroup increased their price objective on 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. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,107.86.

The Sage Group Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 919.09. The company has a market capitalization of £10.85 billion, a PE ratio of 30.35, a PEG ratio of 1.22 and a beta of 0.35. The company has a 50-day moving average price of GBX 1,065 and a two-hundred day moving average price of GBX 929.93.

About The Sage Group

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.