Analysts Set The Sage Group plc (LON:SGE) Target Price at GBX 1,130

Shares of The Sage Group plc (LON:SGE) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,087.14.

SGE has been the topic of several research reports. UBS Group reissued a “buy” rating and issued a GBX 1,025 price target on shares of The Sage Group in a research report on Monday, May 18th. Citigroup lowered their price target on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. 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 on the stock in a research report on Wednesday. Jefferies Financial Group lowered their price target on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,135 price target on shares of The Sage Group in a research report on Thursday, May 21st.

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 793.50 on Friday. The firm has a market cap of £7.15 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.22 and a beta of 0.29. 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 Sage Group has a 52 week low of GBX 771.66 and a 52 week high of GBX 1,335. The firm’s 50-day simple moving average is GBX 867.38 and its two-hundred day simple moving average is GBX 911.13.

The Sage Group (LON:SGE) last announced its quarterly earnings data 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 business had revenue of GBX 136.30 billion for the quarter. As a group, equities analysts forecast that The Sage Group will post 42.1496095 earnings per share for the current year.

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.