The Sage Group plc (LON:SGE) Receives GBX 1,094.29 Consensus Target Price from Brokerages

The Sage Group plc (LON:SGE) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 1,094.29.

SGE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 900 to GBX 1,050 and gave the stock a “hold” rating in a report on Thursday, July 30th. Citigroup boosted their price target on The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a report on Thursday, July 30th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,135 price target on shares of The Sage Group in a research report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and issued a GBX 1,025 price objective on shares of The Sage Group in a research note on Monday, May 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of The Sage Group in a research report on Wednesday, July 29th.

The Sage Group Stock Down 0.3%

Shares of SGE stock opened at GBX 1,040.43 on Friday. The Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,181. The stock has a market cap of £9.34 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.22 and a beta of 0.32. 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 company has a 50 day simple moving average of GBX 871.99 and a two-hundred day simple moving average of GBX 867.45.

The Sage Group (LON:SGE) last issued its quarterly earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. The business had revenue of GBX 136.30 billion for the quarter. On average, research analysts expect 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.