The Sage Group’s (SGE) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of The Sage Group (LON:SGE) in a research note issued to investors on Wednesday,Digital Look reports. The brokerage currently has a GBX 1,135 price target on the stock.

Several other research firms also recently weighed in on SGE. UBS Group restated a “buy” rating and set a GBX 1,025 target price on shares of The Sage Group in a report on Monday, May 18th. JPMorgan Chase & Co. reduced 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 lowered their price target on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating on the stock in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price objective on shares of The Sage Group in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,094.29.

The Sage Group Trading Up 0.6%

Shares of SGE stock opened at GBX 973.20 on Wednesday. The Sage Group has a fifty-two week low of GBX 771.66 and a fifty-two week high of GBX 1,234. The stock has a market cap of £8.73 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.22 and a beta of 0.30. The business has a fifty day simple moving average of GBX 850 and a 200-day simple moving average of GBX 870.36. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 919.09.

The Sage Group (LON:SGE) last released 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. On average, analysts forecast that The Sage Group will post 42.1496095 earnings per share for the current fiscal 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.