JPMorgan Chase & Co. Has Lowered Expectations for The Sage Group (LON:SGE) Stock Price

The Sage Group (LON:SGE) had its target price decreased by equities researchers at JPMorgan Chase & Co. from GBX 1,100 to GBX 1,000 in a note issued to investors on Wednesday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 24.60% from the company’s previous close.

A number of other brokerages have also commented on SGE. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,135 price target on shares of The Sage Group in a report on Thursday, May 21st. Citigroup reduced their price target on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a report on Tuesday, March 10th. Jefferies Financial Group decreased their price target on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a research report on Monday, May 18th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,087.14.

The Sage Group Trading Down 0.4%

LON:SGE opened at GBX 802.60 on Wednesday. The company’s 50 day moving average is GBX 868.03 and its 200-day moving average is GBX 912.93. 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 Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,335. The firm has a market cap of £7.23 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.22 and a beta of 0.29.

The Sage Group (LON:SGE) last posted its quarterly earnings data on Friday, May 22nd. The company reported GBX 23.74 earnings per share (EPS) for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. The business had revenue of GBX 136.30 billion during the quarter. Equities analysts anticipate that The Sage Group will post 42.1496095 EPS for the current 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.