The Sage Group plc (LON:SGE) Receives GBX 1,094.29 Consensus PT from Analysts

The Sage Group plc (LON:SGE) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,094.29.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,135 price target on shares of The Sage Group in a report on Wednesday, July 29th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of The Sage Group in a research note on Wednesday, July 29th. UBS Group reissued a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on The Sage Group from GBX 900 to GBX 1,050 and gave the stock a “hold” rating in a research report on Thursday, July 30th.

The Sage Group Stock Performance

Shares of The Sage Group stock opened at GBX 1,070 on Thursday. The firm’s 50 day moving average is GBX 957.90 and its 200 day moving average is GBX 887.58. The firm has a market capitalization of £9.60 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.22 and a beta of 0.32. The Sage Group has a 1 year low of GBX 771.66 and a 1 year high of GBX 1,181. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 919.09.

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.