Canaccord Genuity Group Upgrades Sage Group (OTCMKTS:SGPYY) to “Strong-Buy”

Sage Group (OTCMKTS:SGPYY) was upgraded by equities research analysts at Canaccord Genuity Group from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on SGPYY. Zacks Research upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. UBS Group upgraded shares of Sage Group from a “hold” rating to a “buy” rating in a report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Sage Group Price Performance

OTCMKTS SGPYY opened at $52.75 on Monday. Sage Group has a 1-year low of $52.03 and a 1-year high of $69.79. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.17. The business’s 50-day simple moving average is $57.00 and its 200-day simple moving average is $59.28.

About Sage Group

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.