The Sage Group plc (LON:SGE) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Sage Group a “Moderate Buy”: Of eight covering firms, five recommend buying the stock and three advise holding it. The average 12-month price target is GBX 1,094.29.
• Several analysts recently raised their targets, including Citigroup to GBX 1,150, while Canaccord Genuity maintained a GBX 1,135 buy target and Jefferies kept a GBX 1,000 buy target.
• Sage shares rose 3.7% to open at GBX 1,190.50, matching their 12-month high. The company has a market capitalization of approximately £10.72 billion and provides cloud accounting, payroll, HR, and business-management software for small and medium-sized businesses.

The Sage Group plc (LON:SGE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 1,094.29.

SGE has been the topic of a number of research reports. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 1,135 target price on shares of The Sage Group in a research note on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and issued a GBX 1,000 price target on shares of The Sage Group in a research report on Wednesday, July 29th. Citigroup upped their price target on The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on The Sage Group from GBX 900 to GBX 1,050 and gave the company a "hold" rating in a report on Thursday, July 30th.

The Sage Group Stock Up 3.7%

Shares of LON SGE opened at GBX 1,190.50 on Friday. The Sage Group has a 12-month low of GBX 771.66 and a 12-month high of GBX 1,190.50. The stock has a market cap of £10.72 billion, a PE ratio of 29.98, a P/E/G ratio of 1.22 and a beta of 0.35. 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 company has a 50-day moving average of GBX 1,048.84 and a 200 day moving average of GBX 938.04.

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.

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