Sage Group (OTCMKTS:SGPYY) Trading 1.8% Higher - Time to Buy?

Key Points

• Sage Group PLC shares experienced a 1.8% increase, trading at $62.99, though this was on a 65% decline in trading volume compared to the average.
• Analysts have mixed opinions, with Jefferies Financial Group maintaining a "buy" rating, while Zacks Research downgraded the stock from "strong-buy" to "hold".
• The stock has a consensus rating of "Moderate Buy" based on the reports from two analysts giving it a Buy rating and one rating it as Hold.

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) shares traded up 1.8% during mid-day trading on Wednesday . The stock traded as high as $63.00 and last traded at $62.99. 17,685 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 51,031 shares. The stock had previously closed at $61.90.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group restated a "buy" rating on shares of Sage Group in a research note on Wednesday, June 25th. Zacks Research lowered Sage Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Oddo Bhf assumed coverage on Sage Group in a research note on Thursday, July 10th. They issued an "outperform" rating on the stock. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Sage Group has a consensus rating of "Moderate Buy".

Sage Group Stock Performance

The business has a 50 day moving average of $59.34 and a 200-day moving average of $63.42.

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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