Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Should You Buy?

Shares of Sage Group PLC (OTCMKTS:SGPYY) gapped up prior to trading on Friday. The stock had previously closed at $56.42, but opened at $61.25. Sage Group shares last traded at $60.85, with a volume of 1,131 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SGPYY. Citigroup reissued a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st. Investec upgraded shares of Sage Group to a “buy” rating in a research note on Friday, October 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Sage Group Stock Down 0.2%

The company has a 50 day moving average price of $55.75 and a two-hundred day moving average price of $50.03.

About Sage Group

Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and midsized businesses. Its solutions are designed to help organizations manage accounting, financial reporting, payroll, human resources, payments and related administrative functions.

The company offers cloud-based products including Sage Business Cloud Accounting, Sage Intacct, Sage 50, Sage 200 and Sage X3, along with payroll, human resources and payment services.