The Sage Group (LON:SGE) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• The Sage Group's stock price has fallen below its 200-day moving average for the first time in trading, reaching a low of GBX 1,089.50 ($14.69).
• Analysts have mixed ratings on the stock, with three rating it as a buy, two as a hold, and two as a sell; the average price target is set at GBX 3,500.
• The company has a significant debt-to-equity ratio of 114.00, indicating financial leverage, and a market cap of £10.57 billion.

The Sage Group plc (LON:SGE - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,185.42 ($15.98) and traded as low as GBX 1,089.50 ($14.69). The Sage Group shares last traded at GBX 1,108.09 ($14.94), with a volume of 1,802,759 shares trading hands.

Wall Street Analyst Weigh In

SGE has been the topic of several research reports. Shore Capital reissued a "hold" rating on shares of The Sage Group in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 1,350 target price on shares of The Sage Group in a research note on Thursday, July 31st. Canaccord Genuity Group decreased their target price on The Sage Group from GBX 1,090 to GBX 1,080 and set a "sell" rating on the stock in a research note on Thursday, July 31st. Jefferies Financial Group reissued a "buy" rating and set a GBX 1,480 target price on shares of The Sage Group in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of The Sage Group in a research report on Thursday, September 11th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 3,500.

The Sage Group Stock Down 0.2%

The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market cap of £10.57 billion, a price-to-earnings ratio of 3,218.44, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The firm has a 50-day moving average price of GBX 1,111.56 and a two-hundred day moving average price of GBX 1,185.42.

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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