Sage Group (OTCMKTS:SGPYY) Rating Lowered to "Hold" at Zacks Research

Key Points

• The Sage Group has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research.
• Despite the downgrade, the stock has an average rating of "Moderate Buy" from various analysts, with two firms still recommending a Buy.
• Sage Group shares opened at $59.88, with a 12-month price range between $49.22 and $69.79.

Sage Group (OTCMKTS:SGPYY - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently commented on SGPYY. Oddo Bhf initiated coverage on shares of Sage Group in a research note on Thursday, July 10th. They issued an "outperform" rating for the company. Jefferies Financial Group reiterated a "buy" rating on shares of Sage Group in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

Sage Group Stock Performance

Shares of Sage Group stock opened at $59.88 on Tuesday. Sage Group has a twelve month low of $49.22 and a twelve month high of $69.79. The business has a 50-day moving average price of $65.79 and a 200-day moving average price of $64.86.

About 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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