The Sage Group (LON:SGE) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• The Sage Group shares rose above their 200-day moving average, reaching GBX 989 before last trading at GBX 982, compared with a 200-day average of GBX 893.86.
• Analyst sentiment remains favorable: five analysts rate the stock a Buy and three rate it a Hold, producing a consensus rating of Moderate Buy and an average price target of GBX 1,094.29.
• The company has an £8.82 billion market capitalization and provides cloud accounting, financial management, payroll, and human-resources software for small and medium-sized businesses.

Shares of The Sage Group plc (LON:SGE - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 893.86 and traded as high as GBX 989. The Sage Group shares last traded at GBX 982, with a volume of 5,738,255 shares changing hands.

Analyst Ratings Changes

SGE has been the subject of a number of research analyst reports. UBS Group reissued a "buy" rating and set a GBX 1,025 price target on shares of The Sage Group in a report on Monday, May 18th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 1,135 price objective on shares of The Sage Group in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,000 target price on shares of The Sage Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on The Sage Group from GBX 900 to GBX 1,050 and gave the stock a "hold" rating in a research note on Thursday, July 30th. Finally, 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 report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,094.29.

The Sage Group Trading Down 0.2%

The firm has a 50-day moving average of GBX 971.92 and a 200 day moving average of GBX 893.86. The company has a market cap of £8.82 billion, a P/E ratio of 24.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.33. 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 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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