Sage Group (OTCMKTS:SGPYY) Hits New 12-Month High – Here’s What Happened

Shares of Sage Group PLC (OTCMKTS:SGPYY) reached a new 52-week high during trading on Thursday. The company traded as high as $63.1210 and last traded at $63.1210, with a volume of 4,240 shares. The stock had previously closed at $62.09.

Analyst Upgrades and Downgrades

SGPYY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Investec upgraded Sage Group to a “buy” rating in a report on Friday, October 9th. Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a research note on Friday, August 21st. Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Finally, Citigroup reaffirmed a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Sage Group presently has an average rating of “Moderate Buy”.

Sage Group Price Performance

The firm’s fifty day moving average price is $56.14 and its 200 day moving average price is $50.47.

About Sage Group

The Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and medium-sized businesses. Its solutions are designed to help organizations manage accounting, finance, payroll, human resources, enterprise operations and related administrative processes.

Sage’s product portfolio includes cloud-based accounting and financial-management applications, payroll and human-resources tools, enterprise-management software, and payment-related services.