Sage Group PLC (OTCMKTS:SGPYY) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Sage Group PLC (OTCMKTS:SGPYY) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company.

A number of research firms recently weighed in on SGPYY. Investec raised shares of Sage Group to a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th.

Sage Group Trading Up 0.7%

SGPYY stock traded up $0.39 during mid-day trading on Tuesday, hitting $57.66. 3,030 shares of the company were exchanged, compared to its average volume of 56,558. Sage Group has a 12-month low of $41.80 and a 12-month high of $63.09. The business has a fifty day simple moving average of $55.54 and a 200-day simple moving average of $49.71.

Sage Group Company Profile

Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and midsized businesses. Its solutions are designed to help organizations manage accounting, financial reporting, payroll, human resources, payments and related administrative functions.

The company offers cloud-based products including Sage Business Cloud Accounting, Sage Intacct, Sage 50, Sage 200 and Sage X3, along with payroll, human resources and payment services.