The Sage Group plc (LON:SGE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 610.76 ($7.98) and traded as high as GBX 641.40 ($8.38). The Sage Group shares last traded at GBX 626 ($8.18), with a volume of 2,759,346 shares.
Several research firms have commented on SGE. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded shares of The Sage Group to a “buy” rating and set a GBX 770 ($10.06) price target for the company in a report on Thursday, April 8th. Barclays reiterated an “overweight” rating on shares of The Sage Group in a report on Thursday, April 8th. Canaccord Genuity reiterated a “buy” rating and set a GBX 680 ($8.88) price target on shares of The Sage Group in a report on Monday, January 25th. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Thursday, January 21st. Six research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 615.71 ($8.04).
The firm’s fifty day moving average price is GBX 625.54 and its 200-day moving average price is GBX 610.76. The company has a current ratio of 1.23, a quick ratio of 1.04 and a debt-to-equity ratio of 59.93. The firm has a market cap of £6.78 billion and a price-to-earnings ratio of 22.28.
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.
Further Reading: Fundamental Analysis and Individual Investors
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