Sage Group (OTCMKTS:SGPYY) Shares Gap Up – What’s Next?

Sage Group PLC (OTCMKTS:SGPYY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $51.88, but opened at $54.98. Sage Group shares last traded at $54.44, with a volume of 839 shares.

Analyst Ratings Changes

A number of research firms recently issued reports on SGPYY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research note on Friday, August 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Sage Group Price Performance

The business’s 50 day simple moving average is $52.71 and its 200 day simple moving average is $48.36.

About Sage Group

The Sage Group plc is a United Kingdom-based technology company that provides business management software and services for small and mid-sized businesses. Its products are designed to help organizations manage core administrative and financial functions, including accounting, payroll, human resources, payments and enterprise financial management.

Sage offers cloud-based and connected software solutions, including Sage Business Cloud products and Sage Intacct, along with related services such as payroll processing, compliance support and financial reporting.