The Sage Group plc (LON:SGE) Stock Has Average Target Price of GBX 1,094.29

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

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of 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. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 price target on shares of The Sage Group in a research report on Wednesday, July 29th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,135 price objective on shares of The Sage Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Citigroup upped their price objective 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.

The Sage Group Stock Up 0.5%

Shares of The Sage Group stock opened at GBX 988.60 on Monday. The firm has a market cap of £8.88 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 1.22 and a beta of 0.33. The Sage Group has a one year low of GBX 771.66 and a one year high of GBX 1,181. The stock’s 50-day moving average is GBX 1,023.06 and its 200 day moving average is GBX 912.96. 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 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.