The Sage Group plc (LON:SGE - Get Free Report) crossed 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 ($16.81) and traded as high as GBX 1,254.50 ($16.95). The Sage Group shares last traded at GBX 1,237.53 ($16.72), with a volume of 6,203,466 shares trading hands.
Wall Street Analysts Forecast Growth
SGE has been the subject of several analyst reports. Shore Capital reissued a "hold" rating on shares of The Sage Group in a report on Wednesday, May 7th. Canaccord Genuity Group reissued a "sell" rating and issued a GBX 1,090 ($14.73) price target on shares of The Sage Group in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 3,446.67 ($46.58).
View Our Latest Report on The Sage Group
The Sage Group Stock Performance
The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The firm's fifty day moving average is GBX 1,206.31 and its 200 day moving average is GBX 1,245.37. The company has a market cap of £12.37 billion, a PE ratio of 48.59, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.
The Sage Group (LON:SGE - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported GBX 20.80 ($0.28) EPS for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. As a group, research 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 program on Thursday, May 15th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
The Sage Group Company Profile
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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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