Sage Group PLC (OTCMKTS:SGPYY) Given Average Rating of “Buy” by Brokerages

Shares of Sage Group PLC (OTCMKTS:SGPYY) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities analysts recently weighed in on SGPYY shares. Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a report on Friday, July 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a report on Wednesday. Finally, Citigroup reiterated a “buy” rating on shares of Sage Group in a research note on Thursday.

Sage Group Trading Down 4.2%

Shares of OTCMKTS:SGPYY traded down $2.29 during trading on Thursday, hitting $52.29. The stock had a trading volume of 14,108 shares, compared to its average volume of 72,499. Sage Group has a 12-month low of $41.80 and a 12-month high of $65.24. The stock has a 50-day simple moving average of $45.52 and a two-hundred day simple moving average of $47.02.

Sage Group Company Profile

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.