The Sage Group (LON:SGE) Price Target Raised to GBX 1,050

The Sage Group (LON:SGE) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 900 to GBX 1,050 in a report published on Thursday morning,Digital Look reports. They currently have a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. UBS Group reiterated a “buy” rating and issued a GBX 1,025 price objective on shares of The Sage Group in a research note on Monday, May 18th. Citigroup upped their target price on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a research report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price target on shares of The Sage Group in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,094.29.

The Sage Group Trading Up 0.6%

Shares of SGE stock opened at GBX 973.20 on Thursday. The business’s fifty day moving average price is GBX 850 and its 200 day moving average price is GBX 870.36. The firm has a market capitalization of £8.73 billion, a PE ratio of 24.51, a P/E/G ratio of 1.22 and a beta of 0.30. The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58. The Sage Group has a 1-year low of GBX 771.66 and a 1-year high of GBX 1,234.

The Sage Group (LON:SGE) last released its earnings results on Friday, May 22nd. The company reported GBX 23.74 EPS for the quarter. The company had revenue of GBX 136.30 billion during the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%. As a group, sell-side analysts forecast that The Sage Group will post 42.1496095 EPS for the current fiscal year.

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.