The Sage Group plc (SGE.L) – What Are Investment Firms Thinking About This Stock?

The Sage Group plc (LON:SGE) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 1,107.86.

Several research analysts recently weighed in on the stock. Citigroup upped their price objective 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, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 price target on shares of The Sage Group in a research note on Wednesday, July 29th. Finally, Canaccord Genuity Group raised shares of The Sage Group to a “hold” rating and increased their price target for the stock from GBX 1,135 to GBX 1,230 in a report on Monday.

The Sage Group Stock Performance

Shares of SGE opened at GBX 1,164 on Friday. The company has a market cap of £10.48 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 919.09. The stock has a 50-day moving average price of GBX 1,059.17 and a 200-day moving average price of GBX 928.24. The Sage Group has a 12-month low of GBX 771.66 and a 12-month high of GBX 1,198.50.

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.