The Sage Group plc (LON:SGE) Given Consensus Rating of “Moderate Buy” by Analysts

The Sage Group plc (LON:SGE) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 1,173 ($15.47).

SGE has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on The Sage Group from GBX 1,300 ($17.14) to GBX 1,250 ($16.48) and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,400 ($18.46) price target on shares of The Sage Group in a research note on Thursday, June 27th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 615 ($8.11) price target on shares of The Sage Group in a research note on Monday, July 1st. Finally, Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Thursday, May 16th.

The Sage Group Stock Up 0.1 %

LON:SGE opened at GBX 1,012.50 ($13.35) on Monday. The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72. The company has a market cap of £10.12 billion, a PE ratio of 3,888.46, a PEG ratio of 1.20 and a beta of 0.54. The Sage Group has a 52-week low of GBX 944.96 ($12.46) and a 52-week high of GBX 1,285 ($16.95). The stock has a 50-day simple moving average of GBX 1,044.53 and a 200 day simple moving average of GBX 1,122.64.

Insider Activity

In other The Sage Group news, insider Annette Court acquired 950 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was bought at an average cost of GBX 1,065 ($14.04) per share, with a total value of £10,117.50 ($13,342.34). Insiders own 0.66% 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.