Brokerages Set The Sage Group plc (LON:SGE) Price Target at GBX 1,094.29

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

A number of equities analysts have weighed in on the company. Citigroup boosted their price target on The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 target price on shares of The Sage Group in a report on Wednesday, July 29th. JPMorgan Chase & Co. lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Finally, UBS Group restated a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a report on Monday, May 18th.

The Sage Group Stock Down 0.5%

Shares of SGE stock opened at GBX 979.17 on Thursday. The Sage Group has a 52-week low of GBX 771.66 and a 52-week high of GBX 1,181. The stock has a market cap of £8.80 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.22 and a beta of 0.33. The firm’s 50-day moving average is GBX 969.05 and its 200-day moving average is GBX 892.72. 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 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.