Analysts Set The Sage Group plc (LON:SGE) Target Price at GBX 1,072.86

Shares of The Sage Group plc (LON:SGE) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 1,072.86.

A number of research firms have recently issued reports on SGE. Jefferies Financial Group reduced their price target on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock in a research note on Thursday, June 25th. JPMorgan Chase & Co. lowered their price objective on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,135 price objective on shares of The Sage Group in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating for the company in a report on Tuesday, May 26th. Finally, UBS Group reissued a “buy” rating and issued a GBX 1,025 target price on shares of The Sage Group in a research report on Monday, May 18th.

The Sage Group Stock Up 0.4%

Shares of SGE opened at GBX 853.58 on Wednesday. The firm has a market cap of £7.66 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The Sage Group has a 12-month low of GBX 771.66 and a 12-month high of GBX 1,335. The company’s 50-day moving average price is GBX 847.35 and its 200 day moving average price is GBX 883.19. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 919.09.

The Sage Group (LON:SGE) last posted its earnings results on Friday, May 22nd. The company reported GBX 23.74 EPS for the quarter. The company had revenue of GBX 136.30 billion for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. On average, sell-side analysts forecast that The Sage Group will post 42.1496095 earnings per share for the current year.

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.