The Sage Group plc (LON:SGE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• The Sage Group has a “Moderate Buy” consensus rating from eight analysts, with five buy ratings and three holds. The average 12-month price target is GBX 1,094.29.
• Recent analyst targets range from GBX 1,000 to GBX 1,150, including upgrades from Deutsche Bank and Citigroup, while JPMorgan lowered its target to GBX 1,000 but maintained an overweight rating.
• Sage shares opened at GBX 1,002.50, with a market capitalization of approximately £9.01 billion and a price-to-earnings ratio of 25.25.

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

Several research firms have weighed in on SGE. Deutsche Bank Aktiengesellschaft lifted their target price on The Sage Group from GBX 900 to GBX 1,050 and gave the company a "hold" rating in a research report on Thursday, July 30th. Jefferies Financial Group reissued a "buy" rating and set a GBX 1,000 price objective on shares of The Sage Group in a report on Wednesday, July 29th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 1,135 target price on shares of The Sage Group in a report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an "overweight" rating for the company in a research note on Wednesday, June 24th. Finally, Citigroup increased their price objective 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.

The Sage Group Stock Performance

Shares of LON SGE opened at GBX 1,002.50 on Monday. The Sage Group has a twelve month low of GBX 771.66 and a twelve month high of GBX 1,181. 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 stock has a fifty day simple moving average of GBX 1,008.33 and a 200-day simple moving average of GBX 907.99. The stock has a market capitalization of £9.01 billion, a PE ratio of 25.25, a PEG ratio of 1.22 and a beta of 0.33.

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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