The Sage Group plc (OTCMKTS:SGPYY – Get Rating) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $39.70 and traded as high as $42.93. The Sage Group shares last traded at $42.32, with a volume of 5,769 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. BNP Paribas downgraded The Sage Group from an “outperform” rating to a “neutral” rating in a research report on Friday, March 17th. JPMorgan Chase & Co. lifted their target price on The Sage Group from GBX 780 ($9.70) to GBX 860 ($10.70) in a report on Thursday, May 18th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, The Sage Group currently has an average rating of “Hold” and a consensus price target of $806.00.
The Sage Group Stock Performance
The company has a 50 day simple moving average of $39.70 and a 200-day simple moving average of $38.10. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.75.
About The Sage Group
The Sage Group plc engages in the provision of business management solutions. It offers accounting, enterprise resource planning and payroll software. It operates through the following business segments: Northern Europe, Central and Southern Europe, and North America. The company was founded by David Goldman, Paul Muller, and Graham Wylie in 1981 and is headquartered in Newcastle-upon-Tyne, the United Kingdom.
- Get a free copy of the StockNews.com research report on The Sage Group (SGPYY)
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