Sage Group PLC (OTCMKTS:SGPYY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Sage Group PLC (OTCMKTS:SGPYY) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of equities analysts recently commented on SGPYY shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Finally, Citigroup reiterated a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th.

Sage Group Stock Down 2.3%

SGPYY stock traded down $1.28 during midday trading on Friday, reaching $54.05. 1,714 shares of the company’s stock traded hands, compared to its average volume of 60,691. Sage Group has a 52-week low of $41.80 and a 52-week high of $63.09. The stock’s 50-day moving average is $53.52 and its 200 day moving average is $48.67.

About Sage Group

The Sage Group plc is a United Kingdom-based technology company that provides business management software and services for small and mid-sized businesses. Its products are designed to help organizations manage core administrative and financial functions, including accounting, payroll, human resources, payments and enterprise financial management.

Sage offers cloud-based and connected software solutions, including Sage Business Cloud products and Sage Intacct, along with related services such as payroll processing, compliance support and financial reporting.