The Sage Group (LON:SGE) Shares Cross Above 200 Day Moving Average - Time to Sell?

Shares of The Sage Group plc (LON:SGE - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,232.02 ($16.34) and traded as high as GBX 1,301 ($17.26). The Sage Group shares last traded at GBX 1,279.50 ($16.97), with a volume of 2,535,734 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on SGE shares. Canaccord Genuity Group restated a "sell" rating and issued a GBX 1,090 ($14.46) price target on shares of The Sage Group in a research note on Thursday, January 30th. Shore Capital restated a "hold" rating on shares of The Sage Group in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of GBX 3,446.67 ($45.72).

The Sage Group Price Performance

The firm has a market capitalization of £12.11 billion, a price-to-earnings ratio of 47.58, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The company's 50 day moving average is GBX 1,199.32 and its 200 day moving average is GBX 1,232.02.

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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