The Sage Group (LON:SGE) Reaches New 12-Month High – Should You Buy?

The Sage Group plc (LON:SGE) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 1,186.56 and last traded at GBX 1,186.56, with a volume of 2,753,310 shares trading hands. The stock had previously closed at GBX 1,148.57.

Analyst Ratings Changes

Several analysts have commented on SGE shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a research report on Wednesday, July 29th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 price target on shares of The Sage Group in a research note on Wednesday, July 29th. JPMorgan Chase & Co. cut 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 report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Citigroup lifted their price objective on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,094.29.

The Sage Group Stock Performance

The company has a market cap of £10.72 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.22 and a beta of 0.35. The firm has a 50 day moving average price of GBX 1,045.33 and a 200-day moving average price of GBX 935.69. 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 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.