The Sage Group (LON:SGE) Trading 4% Higher – Here’s What Happened

The Sage Group plc (LON:SGE) shot up 4% during trading on Wednesday . The stock traded as high as GBX 1,024.50 and last traded at GBX 977.81. 4,831,095 shares were traded during trading, a decline of 89% from the average daily volume of 44,621,711 shares. The stock had previously closed at GBX 939.80.

Analyst Upgrades and Downgrades

SGE has been the subject of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a GBX 1,135 price objective on shares of The Sage Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on The Sage Group from GBX 900 to GBX 1,050 and gave the stock a “hold” rating in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price target on shares of The Sage Group in a research report on Wednesday. UBS Group reaffirmed a “buy” rating and issued a GBX 1,025 price objective on shares of The Sage Group in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,094.29.

The Sage Group Stock Down 0.0%

The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58. The business’s fifty day moving average price is GBX 848.28 and its two-hundred day moving average price is GBX 869.64. The stock has a market capitalization of £8.68 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30.

The Sage Group (LON:SGE) last posted its quarterly earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share for the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%.The business had revenue of GBX 136.30 billion for the quarter. On average, equities research analysts forecast that The Sage Group plc will post 42.1496095 EPS for the current fiscal year.

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.