The Sage Group plc (OTCMKTS:SGPYY) Receives $49.00 Average Price Target from Analysts

Shares of The Sage Group plc (OTCMKTS:SGPYY) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $49.00.

SGPYY has been the topic of several recent analyst reports. Zacks Investment Research raised shares of The Sage Group from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday. Stifel Nicolaus lowered The Sage Group from a “buy” rating to a “hold” rating in a research note on Friday, September 3rd. The Goldman Sachs Group cut The Sage Group from a “neutral” rating to a “sell” rating in a report on Monday, September 27th. Canaccord Genuity reissued a “hold” rating on shares of The Sage Group in a report on Thursday, November 18th. Finally, Barclays reissued an “underweight” rating on shares of The Sage Group in a report on Tuesday, October 12th.

Shares of SGPYY stock traded down $0.80 during trading hours on Thursday, hitting $41.90. 10,006 shares of the company’s stock were exchanged, compared to its average volume of 17,725. The firm has a 50 day moving average of $40.70 and a two-hundred day moving average of $39.93. The Sage Group has a fifty-two week low of $30.44 and a fifty-two week high of $44.09.

About The Sage Group

The Sage Group Plc engages in the provision of business management solutions. It offers accounting, enterprise resource planning and payroll software. It operates through the following business segments: Northern Europe, Central and Southern Europe, North America, and North America. The company was founded by David Goldman, Paul Muller, and Graham Wylie in 1981 and is headquartered in Newcastle-upon-Tyne, the United Kingdom.

Featured Article: Asset Allocation Models, Which is Right For You?

Analyst Recommendations for The Sage Group (OTCMKTS:SGPYY)

Receive News & Ratings for The Sage Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group and related companies with MarketBeat.com's FREE daily email newsletter.