The Sage Group’s (SGPYY) “Buy” Rating Reaffirmed at Citigroup

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The Sage Group (OTCMKTS:SGPYY)‘s stock had its “buy” rating reaffirmed by investment analysts at Citigroup in a report issued on Thursday, The Fly reports.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group raised The Sage Group from a “sell” rating to a “neutral” rating in a report on Monday, March 8th. Canaccord Genuity reiterated a “buy” rating on shares of The Sage Group in a research note on Monday, January 11th. Credit Suisse Group restated an “underperform” rating on shares of The Sage Group in a research report on Friday, February 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded The Sage Group to a “buy” rating in a research report on Thursday. Finally, Peel Hunt initiated coverage on The Sage Group in a research report on Friday, January 22nd. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $40.00.

OTCMKTS SGPYY traded down $0.21 during trading hours on Thursday, reaching $35.14. The company’s stock had a trading volume of 21,423 shares, compared to its average volume of 18,411. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 24.92 and a beta of 0.94. The Sage Group has a 1-year low of $29.34 and a 1-year high of $41.06. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 1.23. The company’s 50-day moving average is $33.85 and its two-hundred day moving average is $34.16.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, Central and Southern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud financial management platform; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a payroll and HR software; and CakeHR, a HR management solution that enables small businesses to manage workforces with tools comprises reporting, organization chart, pay slip, and absence request.

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