The Sage Group (LON:SGE) Earns “Buy” Rating from Canaccord Genuity Group

The Sage Group (LON:SGE)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 1,135 target price on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 27.47% from the company’s previous close.

Several other equities analysts also recently issued reports on the company. Citigroup cut their target price on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. UBS Group reiterated a “buy” rating and set a GBX 1,025 price target on shares of The Sage Group in a research note on Monday. Shore Capital Group reissued a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group decreased their target price 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. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,165.71.

The Sage Group Stock Performance

Shares of LON SGE traded down GBX 6.60 during midday trading on Thursday, reaching GBX 890.40. The company had a trading volume of 14,714,831 shares, compared to its average volume of 44,311,449. The Sage Group has a 1 year low of GBX 771.66 and a 1 year high of GBX 1,335. The business’s 50-day simple moving average is GBX 862.94 and its 200 day simple moving average is GBX 955.27. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 219.31. The stock has a market cap of £8.14 billion, a P/E ratio of 23.96, a P/E/G ratio of 1.22 and a beta of 0.30.

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.