The Sage Group (OTCMKTS:SGPYY) was upgraded by stock analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell to a “buy” rating in a note issued to investors on Thursday, Stock Target Advisor reports.
Other analysts also recently issued reports about the company. The Goldman Sachs Group upgraded The Sage Group from a “sell” rating to a “neutral” rating in a report on Monday, March 8th. Peel Hunt assumed coverage on shares of The Sage Group in a report on Friday, January 22nd. They issued a “buy” rating for the company. Canaccord Genuity reiterated a “buy” rating on shares of The Sage Group in a research note on Monday, January 11th. UBS Group raised shares of The Sage Group from a “sell” rating to a “neutral” rating in a research note on Monday, January 25th. Finally, Morgan Stanley upgraded The Sage Group from an “underweight” rating to an “equal weight” rating in a report on Thursday, December 10th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.00.
OTCMKTS SGPYY traded down $0.21 on Thursday, reaching $35.14. 21,423 shares of the stock traded hands, compared to its average volume of 18,411. The Sage Group has a 12 month low of $29.34 and a 12 month high of $41.06. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 24.92 and a beta of 0.94. The company has a fifty day moving average price of $33.85 and a 200-day moving average price of $34.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 1.23.
The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, Central and Southern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud financial management platform; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a payroll and HR software; and CakeHR, a HR management solution that enables small businesses to manage workforces with tools comprises reporting, organization chart, pay slip, and absence request.
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