JPMorgan Chase & Co. Reiterates "Overweight" Rating for The Sage Group (LON:SGE)

Key Points

• JPMorgan Chase & Co. has reiterated an **"overweight"** rating for The Sage Group, emphasizing a positive outlook on the company's stock.
• The stock received varied ratings from other analysts, with **three "Buy"**, two "Hold", and two "Sell" ratings, reflecting mixed sentiment around its performance.
• The Sage Group's Board has authorized a **share repurchase program**, which typically indicates that the board believes the stock is undervalued.

JPMorgan Chase & Co. restated their overweight rating on shares of The Sage Group (LON:SGE - Free Report) in a report published on Thursday morning, MarketBeat Ratings reports.

Several other brokerages have also recently issued reports on SGE. Jefferies Financial Group restated a "buy" rating and issued a GBX 1,480 price objective on shares of The Sage Group in a research note on Thursday, July 31st. Shore Capital reiterated a "hold" rating on shares of The Sage Group in a research report on Wednesday, July 30th. Canaccord Genuity Group reduced their price target on The Sage Group from GBX 1,090 to GBX 1,080 and set a "sell" rating for the company in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,350 price target on shares of The Sage Group in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of GBX 3,500.

The Sage Group Stock Performance

Shares of LON:SGE traded down GBX 6 during trading on Thursday, hitting GBX 1,073.50. The stock had a trading volume of 2,148,634 shares, compared to its average volume of 9,280,882. The Sage Group has a 12-month low of GBX 960 and a 12-month high of GBX 1,349. The stock has a market capitalization of £10.25 billion, a price-to-earnings ratio of 3,122.45, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The stock has a 50-day simple moving average of GBX 1,160.24 and a two-hundred day simple moving average of GBX 1,199.86.

Insider Activity at The Sage Group

In other The Sage Group news, insider Steve Hare acquired 3,076 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was acquired at an average cost of GBX 1,206 per share, for a total transaction of £37,096.56. 0.95% of the stock is owned by company insiders.

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.