The Sage Group (LON:SGE) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• The Sage Group shares rose above their 200-day moving average, reaching GBX 1,070 before last trading at GBX 1,055 on volume of more than 5.1 million shares.
• Analysts remain broadly positive, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of GBX 1,094.29.
• The company has a £9.47 billion market capitalization and trades at a P/E ratio of 26.57; its 50-day and 200-day moving averages are GBX 947.69 and GBX 884.51, respectively.

The Sage Group plc (LON:SGE - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 884.51 and traded as high as GBX 1,070. The Sage Group shares last traded at GBX 1,055, with a volume of 5,103,528 shares traded.

Wall Street Analysts Forecast Growth

SGE has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on The Sage Group from GBX 1,100 to GBX 1,000 and set an "overweight" rating on the stock in a research report on Wednesday, June 24th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,000 target price on shares of The Sage Group in a 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 company a "hold" rating in a research report on Thursday, July 30th. Citigroup increased their price target on The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, UBS Group reaffirmed a "buy" rating and set a GBX 1,025 price objective on shares of The Sage Group in a research note on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 1,094.29.

The Sage Group Stock Down 1.5%

The company has a 50-day simple moving average of GBX 947.69 and a 200 day simple moving average of GBX 884.51. The company has a market cap of £9.47 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.22 and a beta of 0.32. 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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