The Sage Group plc (LON:SGE) Given Average Recommendation of “Moderate Buy” by Brokerages

The Sage Group plc (LON:SGE) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,094.29.

Several equities analysts have commented on SGE shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,135 price target on shares of The Sage Group in a report on Wednesday, July 29th. UBS Group reaffirmed a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a report on Monday, May 18th. Citigroup raised their target price on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 target price on shares of The Sage Group in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the stock a “hold” rating in a report on Thursday, July 30th.

The Sage Group Price Performance

LON SGE opened at GBX 1,049.22 on Friday. The Sage Group has a fifty-two week low of GBX 771.66 and a fifty-two week high of GBX 1,181. The stock’s 50-day moving average is GBX 881.37 and its two-hundred day moving average is GBX 868.61. The firm has a market cap of £9.42 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 1.22 and a beta of 0.32. The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58.

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

The Sage Group Company Profile

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.