The Sage Group (LON:SGE) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• The Sage Group shares crossed above their 200-day moving average, reaching GBX 1,031.50 before last trading at GBX 1,008.50 on volume of approximately 5.25 million shares.
• Analysts remain broadly positive: five rate the stock a Buy and three a Hold, producing a consensus rating of “Moderate Buy” and an average price target of GBX 1,094.29.
• The company has a market capitalization of about £9.06 billion and trades at a P/E ratio of 25.40, while reported liquidity metrics are weak, including a current ratio of 0.62 and a debt-to-equity ratio of 919.09.

Shares of The Sage Group plc (LON:SGE - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 901.65 and traded as high as GBX 1,031.50. The Sage Group shares last traded at GBX 1,008.50, with a volume of 5,252,358 shares trading hands.

Wall Street Analysts Forecast Growth

SGE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 900 to GBX 1,050 and gave the stock a "hold" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. reduced their price target on The Sage Group from GBX 1,100 to GBX 1,000 and set an "overweight" rating for the company in a research report on Wednesday, June 24th. 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 reaffirmed a "buy" rating and set a GBX 1,000 price objective on shares of The Sage Group in a research report on Wednesday, July 29th. Finally, Citigroup lifted their price objective 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. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,094.29.

The Sage Group Stock Down 2.5%

The company has a market capitalization of £9.06 billion, a PE ratio of 25.40, a PEG ratio of 1.22 and a beta of 0.33. The company's 50 day moving average is GBX 992.43 and its two-hundred day moving average is GBX 901.65. The company has a quick ratio of 0.58, a current ratio of 0.62 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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