The Sage Group plc (LON:SGE) Receives Average Rating of “Hold” from Brokerages

Shares of The Sage Group plc (LON:SGE) have been given an average rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 3,500.

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,350 price target on shares of The Sage Group in a report on Thursday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,480 target price on shares of The Sage Group in a research note on Thursday, July 31st. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of The Sage Group in a report on Thursday, September 11th. Finally, Canaccord Genuity Group decreased their price objective on The Sage Group from GBX 1,090 to GBX 1,080 and set a “sell” rating on the stock in a report on Thursday, July 31st.

The Sage Group Stock Up 1.2%

Shares of SGE stock opened at GBX 1,085.50 on Thursday. The Sage Group has a 12 month low of GBX 960 and a 12 month high of GBX 1,349. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The firm has a market cap of £10.37 billion, a PE ratio of 3,157.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The stock has a 50 day moving average of GBX 1,150.99 and a 200-day moving average of GBX 1,196.36.

Insider Activity at The Sage Group

In other The Sage Group news, insider Steve Hare bought 3,076 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were acquired at an average price of GBX 1,206 per share, with a total value of £37,096.56. Insiders own 0.95% of the company’s stock.

The Sage Group Company Profile

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.