Sage Group (OTCMKTS:SGPYY) Hits New 1-Year High – Should You Buy?

Sage Group PLC (OTCMKTS:SGPYY)’s stock price reached a new 52-week high during trading on Thursday. The company traded as high as $63.1210 and last traded at $63.1210, with a volume of 4,240 shares traded. The stock had previously closed at $62.09.

Analysts Set New Price Targets

Several research firms have weighed in on SGPYY. Investec upgraded Sage Group to a “buy” rating in a report on Friday, October 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a research note on Friday, August 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Finally, Citigroup reissued a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Sage Group Trading Up 0.2%

The company has a fifty day moving average of $56.41 and a two-hundred day moving average of $50.69.

About Sage Group

The Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and medium-sized businesses. Its solutions are designed to help organizations manage accounting, finance, payroll, human resources, enterprise operations and related administrative processes.

Sage’s product portfolio includes cloud-based accounting and financial-management applications, payroll and human-resources tools, enterprise-management software, and payment-related services.