The Sage Group (LON:SGE) Stock Rating Raised to Hold at Canaccord Genuity Group

The Sage Group (LON:SGE) was upgraded by equities researchers at Canaccord Genuity Group to a “hold” rating in a note issued to investors on Monday, London Stock Exchange reports. The brokerage currently has a GBX 1,230 target price on the stock, up from their previous target price of GBX 1,135. Canaccord Genuity Group‘s target price indicates a potential upside of 5.62% from the company’s previous close.

A number of other research firms have also commented on SGE. Citigroup increased their price target on The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a research report 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 report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, The Sage Group presently has an average rating of “Moderate Buy” and an average price target of GBX 1,107.86.

The Sage Group Stock Down 0.5%

SGE traded down GBX 5.70 during midday trading on Monday, reaching GBX 1,164.50. 3,076,465 shares of the company were exchanged, compared to its average volume of 36,757,016. 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 company’s fifty day moving average price is GBX 1,051.26 and its 200 day moving average price is GBX 940.25. The company has a market cap of £10.49 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. The Sage Group has a one year low of GBX 771.66 and a one year high of GBX 1,198.50.

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.