The Sage Group (LON:SGE) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• The Sage Group shares rose above their 200-day moving average, trading as high as GBX 1,112 and last changing hands at GBX 1,104.50 on heavy volume.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds; the consensus rating is Moderate Buy and the average price target is GBX 1,094.29.
• The stock’s valuation includes a price-to-earnings ratio of 27.81 and a market capitalization of approximately £9.91 billion, while its reported debt-to-equity ratio is exceptionally high at 919.09.

Shares of The Sage Group plc (LON:SGE - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 874.21 and traded as high as GBX 1,112. The Sage Group shares last traded at GBX 1,104.50, with a volume of 514,175,906 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup raised their price target on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a "buy" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. cut their price objective on shares of 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 reissued a "buy" rating and set a GBX 1,135 price objective on shares of The Sage Group in a research note on Wednesday, July 29th. UBS Group restated a "buy" rating and set a GBX 1,025 target price on shares of The Sage Group in a research report on Monday, May 18th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,000 target price on shares of The Sage Group in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 1,094.29.

The Sage Group Price Performance

The company's 50-day moving average is GBX 915.60 and its 200-day moving average is GBX 874.21. 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 firm has a market capitalization of £9.91 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.22 and a beta of 0.32.

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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