The Sage Group plc (LON:SGE) Receives Consensus Rating of “Moderate Buy” from Analysts

The Sage Group plc (LON:SGE) has been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,072.86.

Several research firms have commented on SGE. Jefferies Financial Group lowered their price target on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set a “buy” rating for the company in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating for the company in a research report on Tuesday, May 26th. UBS Group reiterated a “buy” rating and set a GBX 1,025 target price on shares of The Sage Group in a research note on Monday, May 18th. JPMorgan Chase & Co. dropped their target price on The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating on the stock in a report on Wednesday, June 24th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a report on Thursday, May 21st.

The Sage Group Stock Performance

Shares of SGE opened at GBX 826 on Wednesday. The stock has a 50-day simple moving average of GBX 846.23 and a 200-day simple moving average of GBX 878.44. The company has a debt-to-equity ratio of 919.09, a quick ratio of 0.58 and a current ratio of 0.62. The stock has a market capitalization of £7.41 billion, a PE ratio of 20.80, a PEG ratio of 1.22 and a beta of 0.30. The Sage Group has a 1 year low of GBX 771.66 and a 1 year high of GBX 1,335.

The Sage Group (LON:SGE) last released its earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share for the quarter. The firm had revenue of GBX 136.30 billion for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. On average, analysts predict that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.