Sage Group PLC (OTCMKTS:SGPYY) Given Consensus Recommendation of “Buy” by Analysts

Shares of Sage Group PLC (OTCMKTS:SGPYY) have received an average rating of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a report on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of Sage Group in a research report on Thursday.

Sage Group Stock Down 4.2%

Shares of OTCMKTS:SGPYY traded down $2.29 during trading on Thursday, reaching $52.29. The stock had a trading volume of 14,108 shares, compared to its average volume of 72,499. The firm’s 50-day simple moving average is $45.52 and its 200 day simple moving average is $47.02. Sage Group has a one year low of $41.80 and a one year high of $65.24.

About Sage Group

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.