Brokerages Set The Sage Group plc (LON:SGE) Target Price at GBX 1,165.71

Shares of The Sage Group plc (LON:SGE) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 1,130.

SGE has been the subject of several recent research reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,135 price objective on shares of The Sage Group in a report on Thursday, May 21st. UBS Group reissued a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a report on Monday, May 18th. Jefferies Financial Group dropped their price objective on The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on 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, Citigroup dropped their price objective on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a report on Tuesday, March 10th.

The Sage Group Stock Up 6.3%

Shares of LON:SGE opened at GBX 895.67 on Tuesday. The company’s fifty day moving average is GBX 867.98 and its 200-day moving average is GBX 940.54. The company has a debt-to-equity ratio of 919.09, a quick ratio of 0.58 and a current ratio of 0.62. The Sage Group has a 52 week low of GBX 771.66 and a 52 week high of GBX 1,335. The company has a market capitalization of £8.19 billion, a PE ratio of 24.10, a P/E/G ratio of 1.22 and a beta of 0.30.

The Sage Group (LON:SGE) last released its quarterly earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%.The business had revenue of GBX 136.30 billion during the quarter. Equities research analysts predict that The Sage Group will post 42.1496095 earnings per share for the current fiscal 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.