The Sage Group’s (SGE) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of The Sage Group (LON:SGE) in a report released on Wednesday,Digital Look reports. Jefferies Financial Group currently has a GBX 1,000 price objective on the stock.

SGE has been the subject of a number of other reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,135 price objective on shares of The Sage Group in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. UBS Group reaffirmed a “buy” rating and set a GBX 1,025 target price on shares of The Sage Group in a research note on Monday, May 18th. Finally, 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 for the company in a report on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,094.29.

The Sage Group Stock Performance

The Sage Group stock opened at GBX 973.20 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 919.09. The stock has a market cap of £8.73 billion, a PE ratio of 24.51, a P/E/G ratio of 1.22 and a beta of 0.30. The Sage Group has a 12-month low of GBX 771.66 and a 12-month high of GBX 1,234. The business’s 50-day moving average price is GBX 850 and its two-hundred day moving average price is GBX 870.36.

The Sage Group (LON:SGE) last posted its earnings results on Friday, May 22nd. The company reported GBX 23.74 EPS for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. The firm had revenue of GBX 136.30 billion during the quarter. As a group, analysts expect that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

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.