The Sage Group (LON:SGE) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• The Sage Group's stock has crossed below its 200-day moving average, indicating a potential decline in performance, with shares trading as low as GBX 1,123.
• Analysts have varied views, with three rating the stock as a Buy, two as a Hold, and two as a Sell, reflecting mixed sentiment about the company's future performance.
• The company's market capitalization stands at £10.91 billion with a price-to-earnings ratio of 33.23, indicating how the stock is valued in relation to its earnings.

The Sage Group plc (LON:SGE - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,180.15 ($15.82) and traded as low as GBX 1,123 ($15.05). The Sage Group shares last traded at GBX 1,135.52 ($15.22), with a volume of 3,593,410 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of The Sage Group in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,350 target price on shares of The Sage Group in a report on Thursday, July 31st. Canaccord Genuity Group decreased their target price on shares of The Sage Group from GBX 1,090 to GBX 1,080 and set a "sell" rating for the company in a report on Thursday, July 31st. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,480 target price on shares of The Sage Group in a report on Thursday, July 31st. Finally, Shore Capital reiterated a "hold" rating on shares of The Sage Group in a report on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, The Sage Group has a consensus rating of "Hold" and a consensus price target of GBX 3,500.

The Sage Group Stock Performance

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 firm has a market capitalization of £10.91 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 1.22 and a beta of 0.53. The firm's fifty day moving average is GBX 1,099.02 and its 200 day moving average is GBX 1,180.15.

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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