Sage Group (OTCMKTS:SGPYY) Shares Gap Up – What’s Next?

Sage Group PLC (OTCMKTS:SGPYY) shares gapped up prior to trading on Monday . The stock had previously closed at $51.88, but opened at $54.98. Sage Group shares last traded at $54.44, with a volume of 839 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SGPYY. Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a report on Friday, August 21st. Citigroup reaffirmed a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Sage Group Stock Performance

The business has a 50-day simple moving average of $52.71 and a two-hundred day simple moving average of $48.36.

About Sage Group

The Sage Group plc is a United Kingdom-based technology company that provides business management software and services for small and mid-sized businesses. Its products are designed to help organizations manage core administrative and financial functions, including accounting, payroll, human resources, payments and enterprise financial management.

Sage offers cloud-based and connected software solutions, including Sage Business Cloud products and Sage Intacct, along with related services such as payroll processing, compliance support and financial reporting.