The Sage Group (LON:SGE) Earns “Overweight” Rating from Morgan Stanley

The Sage Group (LON:SGEGet Rating)‘s stock had its “overweight” rating reissued by research analysts at Morgan Stanley in a report released on Wednesday, Digital Look reports.

Other research analysts also recently issued research reports about the company. Barclays boosted their target price on The Sage Group from GBX 720 ($8.88) to GBX 730 ($9.00) and gave the stock an “underweight” rating in a research note on Tuesday, April 12th. Canaccord Genuity Group reissued a “hold” rating and set a GBX 760 ($9.37) target price on shares of The Sage Group in a research note on Tuesday, February 1st. Shore Capital raised The Sage Group to a “buy” rating in a research note on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of The Sage Group in a research note on Tuesday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 730.83 ($9.01).

Shares of LON SGE opened at GBX 670 ($8.26) on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 73.27. The company has a market cap of £6.82 billion and a price-to-earnings ratio of 25.67. The Sage Group has a 12 month low of GBX 618 ($7.62) and a 12 month high of GBX 862.20 ($10.63). The stock has a 50-day moving average price of GBX 702.47 and a two-hundred day moving average price of GBX 742.13.

In other news, insider Steve Hare acquired 3,000 shares of the stock in a transaction dated Tuesday, February 15th. The stock was bought at an average price of GBX 683 ($8.42) per share, with a total value of £20,490 ($25,261.99).

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 (LON:SGE)

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