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

Shares of The Sage Group plc (LON:SGE - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,243.57 ($16.75) and traded as high as GBX 1,254.50 ($16.90). The Sage Group shares last traded at GBX 1,237.53 ($16.67), with a volume of 6,203,466 shares.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SGE. Canaccord Genuity Group reiterated a "sell" rating and issued a GBX 1,090 ($14.68) price target on shares of The Sage Group in a research note on Thursday, January 30th. Shore Capital reiterated a "hold" rating on shares of The Sage Group in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, The Sage Group has a consensus rating of "Hold" and a consensus price target of GBX 3,446.67 ($46.43).

The Sage Group Price Performance

The firm's 50-day moving average is GBX 1,208.29 and its 200-day moving average is GBX 1,248.71. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The company has a market capitalization of £12.03 billion, a P/E ratio of 47.26, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported GBX 20.80 ($0.28) earnings per share (EPS) for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. Analysts predict that The Sage Group plc will post 42.1496095 EPS for the current fiscal year.

The Sage Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 15th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

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.