Sage Group (OTCMKTS:SGPYY) Hits New 52-Week High – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYY)’s stock price reached a new 52-week high during trading on Wednesday. The company traded as high as $64.56 and last traded at $64.56, with a volume of 2,688 shares changing hands. The stock had previously closed at $61.8750.

Analyst Ratings Changes

A number of research firms recently commented on SGPYY. Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st. Investec raised Sage Group to a “buy” rating in a research report on Friday, October 9th. Citigroup reiterated a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a report on Thursday, July 30th. Finally, Canaccord Genuity Group cut Sage Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Sage Group Stock Performance

The firm’s 50 day moving average is $57.14 and its 200-day moving average is $50.19.

Sage Group Company Profile

The Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and medium-sized businesses. Its solutions are designed to help organizations manage accounting, finance, payroll, human resources, enterprise operations and related administrative processes.

Sage’s product portfolio includes cloud-based accounting and financial-management applications, payroll and human-resources tools, enterprise-management software, and payment-related services.