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.
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.
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