The Sage Group's (SGE) Overweight Rating Reiterated at JPMorgan Chase & Co.

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 research report report published on Thursday, Marketbeat Ratings reports.

SGE has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 1,350 target price on shares of The Sage Group in a report on Thursday, July 31st. Jefferies Financial Group reissued a "buy" rating and set a GBX 1,480 price target on shares of The Sage Group in a research report on Thursday, July 31st. Canaccord Genuity Group dropped their price target on shares of 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, Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, The Sage Group presently has an average rating of "Hold" and an average price target of GBX 3,500.

The Sage Group Price Performance

Shares of LON:SGE traded up GBX 7 during trading on Thursday, reaching GBX 1,072.50. The company had a trading volume of 1,389,097 shares, compared to its average volume of 9,204,718. The company has a fifty day moving average of GBX 1,157.29 and a two-hundred day moving average of GBX 1,198. The stock has a market capitalization of £10.24 billion, a P/E ratio of 3,119.55, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group has a 12 month low of GBX 960 and a 12 month high of GBX 1,349. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00.

Insider Activity

In other The Sage Group news, insider Steve Hare purchased 3,076 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was bought at an average cost of GBX 1,206 per share, for a total transaction of £37,096.56. 0.95% of the stock is currently owned by 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.