The Sage Group plc (LON:SGE) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• The Sage Group received a “Moderate Buy” consensus rating from eight brokerages, with five buy ratings and three holds. The average 12-month price target is GBX 1,094.29.
• Recent analysts have generally raised their targets, including Citigroup to GBX 1,150 and Deutsche Bank to GBX 1,050, while maintaining buy or hold recommendations.
• Sage shares opened at GBX 1,055, down 1.5%, with a market capitalization of approximately £9.47 billion and a 12-month trading range of GBX 771.66 to GBX 1,181.

The Sage Group plc (LON:SGE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 1,094.29.

SGE has been the subject of a number of recent research reports. 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, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on 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. Citigroup raised their price target on The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a "buy" rating in a research report on Thursday, July 30th. UBS Group reissued a "buy" rating and issued a GBX 1,025 price target on shares of The Sage Group in a report on Monday, May 18th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a GBX 1,135 price objective on shares of The Sage Group in a research report on Wednesday, July 29th.

The Sage Group Stock Down 1.5%

Shares of LON SGE opened at GBX 1,055 on Thursday. The Sage Group has a 12-month low of GBX 771.66 and a 12-month high of GBX 1,181. The company has a market capitalization of £9.47 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.32. The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58. The firm's 50-day moving average is GBX 947.69 and its two-hundred day moving average is GBX 884.51.

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.

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