Sage Group (OTCMKTS:SGPYY) Reaches New 12-Month High – Time to Buy?

Sage Group PLC (OTCMKTS:SGPYY)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $64.56 and last traded at $64.56, with a volume of 2,688 shares trading hands. The stock had previously closed at $61.8750.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Investec upgraded Sage Group to a “buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. Finally, Canaccord Genuity Group lowered shares of Sage Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Sage Group Stock Up 3.9%

The firm has a fifty day moving average price of $56.93 and a 200 day moving average price of $50.10.

Sage Group Company Profile

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.