The Sage Group (LON:SGE) Shares Cross Above 200-Day Moving Average – Here’s What Happened

The Sage Group plc (LON:SGE)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 884.51 and traded as high as GBX 1,070. The Sage Group shares last traded at GBX 1,055, with a volume of 5,103,528 shares.

Analysts Set New Price Targets

Several analysts have recently commented on SGE shares. JPMorgan Chase & Co. decreased their price objective 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. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of The Sage Group in a report on Wednesday, July 29th. 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 report on Thursday, July 30th. Citigroup boosted their price target on The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, UBS Group reiterated a “buy” rating and set a GBX 1,025 target price on shares of The Sage Group in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,094.29.

The Sage Group Stock Performance

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 firm has a market capitalization of £9.60 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.22 and a beta of 0.32. The firm’s 50 day simple moving average is GBX 952.85 and its 200 day simple moving average is GBX 886.29.

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.