The Sage Group (LON:SGE) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• The Sage Group shares broke above their 200-day moving average, reaching GBX 1,029 before trading at approximately GBX 1,017.96, up 1.3% on the day.
• Analyst sentiment remains positive, with five Buy ratings and three Holds, resulting in a consensus “Moderate Buy” rating and an average price target of GBX 1,094.29.
• The company reported quarterly EPS of GBX 23.74 and revenue of GBX 136.30 billion, while maintaining a 14.62% net margin and 81.91% return on equity.

The Sage Group plc (LON:SGE - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 867.28 and traded as high as GBX 1,029. The Sage Group shares last traded at GBX 1,017.96, with a volume of 2,319,127 shares trading hands.

Analyst Ratings Changes

SGE has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on The Sage Group from GBX 1,100 to GBX 1,000 and set an "overweight" rating on the stock in a research note on Wednesday, June 24th. Citigroup increased their price target on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a "buy" rating in a report on Thursday, July 30th. Jefferies Financial Group restated a "buy" rating and set a GBX 1,000 target price on shares of The Sage Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upped their price target on The Sage Group from GBX 900 to GBX 1,050 and gave the stock a "hold" rating in a report on Thursday, July 30th. Finally, UBS Group restated a "buy" rating and set a GBX 1,025 target price on shares of The Sage Group in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, The Sage Group presently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,094.29.

The Sage Group Trading Up 1.3%

The business has a fifty day moving average price of GBX 861.56 and a 200 day moving average price of GBX 867.28. The company has a debt-to-equity ratio of 919.09, a quick ratio of 0.58 and a current ratio of 0.62. The company has a market capitalization of £9.34 billion, a PE ratio of 26.20, a P/E/G ratio of 1.22 and a beta of 0.30.

The Sage Group (LON:SGE - Get Free Report) last released its quarterly earnings data on Friday, May 22nd. The company reported GBX 23.74 earnings per share (EPS) for the quarter. The company had revenue of GBX 136.30 billion during the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. Analysts expect that The Sage Group plc will post 42.1496095 EPS for the current fiscal year.

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.

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