The Sage Group plc (OTCMKTS:SGPYY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of The Sage Group plc (OTCMKTS:SGPYYGet Rating) have been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $772.50.

Several equities analysts recently weighed in on the company. Redburn Partners upgraded The Sage Group from a “neutral” rating to a “buy” rating in a research note on Monday, January 24th. Zacks Investment Research upgraded The Sage Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. Morgan Stanley cut their price target on The Sage Group from GBX 970 ($12.64) to GBX 880 ($11.47) in a research note on Tuesday, March 1st. Deutsche Bank Aktiengesellschaft lifted their price target on The Sage Group from GBX 570 ($7.43) to GBX 590 ($7.69) and gave the company a “sell” rating in a research note on Friday, January 28th. Finally, Credit Suisse Group assumed coverage on The Sage Group in a research note on Thursday, March 31st. They issued an “outperform” rating for the company.

OTCMKTS SGPYY opened at $37.92 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.67. The Sage Group has a fifty-two week low of $33.41 and a fifty-two week high of $47.89. The stock has a 50-day simple moving average of $36.86 and a two-hundred day simple moving average of $40.25.

About The Sage Group (Get Rating)

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software products and financial management solutions; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a HR management solution.

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Analyst Recommendations for The Sage Group (OTCMKTS:SGPYY)

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