Shares of The Sage Group plc (LON:SGE) have earned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 716 ($9.35).
A number of research firms recently commented on SGE. JPMorgan Chase & Co. upped their price target on shares of The Sage Group from GBX 630 ($8.23) to GBX 720 ($9.41) and gave the company a “neutral” rating in a report on Friday, July 30th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Friday, September 3rd. Finally, Numis Securities upped their price target on shares of The Sage Group from GBX 780 ($10.19) to GBX 870 ($11.37) and gave the company a “buy” rating in a report on Tuesday, June 29th.
LON:SGE traded up GBX 3.40 ($0.04) during midday trading on Thursday, reaching GBX 754.60 ($9.86). 1,635,155 shares of the stock traded hands, compared to its average volume of 2,582,687. The company has a fifty day moving average of GBX 724.69 and a 200 day moving average of GBX 673.84. The Sage Group has a 12 month low of GBX 543.20 ($7.10) and a 12 month high of GBX 760.20 ($9.93). The company has a debt-to-equity ratio of 61.89, a quick ratio of 0.75 and a current ratio of 0.83. The stock has a market capitalization of £7.95 billion and a P/E ratio of 36.17.
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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