Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Here’s What Happened

Sage Group PLC (OTCMKTS:SGPYYGet Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $43.57, but opened at $45.06. Sage Group shares last traded at $45.1608, with a volume of 3,435 shares traded.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Get Our Latest Report on SGPYY

Sage Group Stock Up 5.2%

The firm has a fifty day moving average price of $45.44 and a 200 day moving average price of $47.25.

About Sage Group

(Get Free Report)

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.

Further Reading

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