Sage Group (OTCMKTS:SGPYY) Raised to Strong-Buy at Canaccord Genuity Group

Sage Group (OTCMKTS:SGPYY) was upgraded by stock analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

SGPYY has been the topic of several other reports. UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. Zacks Research upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, Sage Group presently has a consensus rating of “Buy”.

Sage Group Stock Performance

SGPYY stock opened at $47.58 on Monday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.64 and a current ratio of 0.64. Sage Group has a 52-week low of $47.38 and a 52-week high of $69.79. The company’s 50 day simple moving average is $56.79 and its 200-day simple moving average is $59.14.

Sage Group Company Profile

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.