The Sage Group (LON:SGE) Reaches New 12-Month High - Should You Buy?

Key Points

• The Sage Group reached a new 52-week high of GBX 1,186.56, up 3.7% from its previous close, with 2.75 million shares traded.
• Analyst sentiment remains positive, with five Buy ratings and three Hold ratings, producing a consensus “Moderate Buy” rating and an average price target of GBX 1,094.29.
• The company has a £10.72 billion market capitalization and provides cloud accounting, financial management, payroll, HR, and business-management software primarily for small and midsize businesses.

The Sage Group plc (LON:SGE - Get Free Report) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 1,186.56 and last traded at GBX 1,186.56, with a volume of 2,753,310 shares traded. The stock had previously closed at GBX 1,148.57.

Analyst Upgrades and Downgrades

SGE has been the subject of several research reports. Jefferies Financial Group restated a "buy" rating and set a GBX 1,000 price target on shares of The Sage Group in a report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price objective on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an "overweight" rating on the stock in a research note on Wednesday, June 24th. Citigroup increased their target price on shares of 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of 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. Finally, Canaccord Genuity Group reissued a "buy" rating and set a GBX 1,135 target price on shares of The Sage Group in a research note on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 1,094.29.

The Sage Group Stock Up 3.7%

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 business has a 50 day simple moving average of GBX 1,045.33 and a 200 day simple moving average of GBX 935.69. 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.

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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