Sage Group (OTCMKTS:SGPYY) Stock Rating Cut to Hold at Canaccord Genuity Group

Canaccord Genuity Group cut shares of Sage Group (OTCMKTS:SGPYY) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks reports.

A number of other equities research analysts also recently weighed in on the stock. Investec raised shares of Sage Group to a “buy” rating in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sage Group in a report on Thursday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a research note on Friday, August 21st. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Sage Group in a research note on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Sage Group Stock Performance

Sage Group stock opened at $61.89 on Monday. Sage Group has a 1 year low of $41.80 and a 1 year high of $64.55. The company’s 50-day moving average is $56.51 and its two-hundred day moving average is $49.99.

Sage Group Company Profile

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.