The Sage Group (LON:SGE) Reaches New 52-Week High – Should You Buy?

Shares of The Sage Group plc (LON:SGE) reached a new 52-week high on Thursday. The stock traded as high as GBX 1,201.27 and last traded at GBX 1,196.50, with a volume of 4,623,446 shares traded. The stock had previously closed at GBX 1,189.

Analysts Set New Price Targets

A number of analysts recently weighed in on SGE shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the stock a “hold” rating in a report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 price objective on shares of The Sage Group in a research note on Wednesday, July 29th. Citigroup boosted their target price on The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Canaccord Genuity Group upgraded shares of The Sage Group to a “hold” rating and lifted their price target for the stock from GBX 1,135 to GBX 1,230 in a research note on Monday, October 26th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,107.86.

The Sage Group Stock Performance

The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 919.09. The firm’s 50-day simple moving average is GBX 1,068.95 and its two-hundred day simple moving average is GBX 931.36. The stock has a market capitalization of £10.49 billion, a PE ratio of 29.34, a PEG ratio of 1.22 and a beta of 0.38.

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.