The Sage Group plc (LON:SGE) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give The Sage Group an average rating of "Moderate Buy" from seven firms (4 buys, 3 holds) with a mean 12‑month price target of GBX 1,189.17.
• Significant insider buying occurred recently—55,000 shares purchased in the last 90 days (John Bates 35,000 at GBX 811; Derek Harding 10,000 at GBX 864)—with insiders owning about 1.00% of the company.
• Market snapshot: shares opened at GBX 876.80, market cap ~£8.09bn, P/E 23.6, 50/200‑day moving averages GBX 849.31/980.84, and a 52‑week range of GBX 771.66–1,335.

Shares of The Sage Group plc (LON:SGE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 1,189.17.

SGE has been the topic of a number of analyst reports. Jefferies Financial Group dropped their price target on The Sage Group from GBX 1,350 to GBX 1,100 and set a "buy" rating on the stock in a research note on Tuesday, March 24th. Citigroup dropped their price target on The Sage Group from GBX 1,400 to GBX 1,150 and set a "buy" rating on the stock in a research note on Tuesday, March 10th. Shore Capital Group reissued a "hold" rating on shares of The Sage Group in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft dropped their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a "hold" rating on the stock in a research note on Wednesday, January 28th. Finally, Canaccord Genuity Group raised The Sage Group to a "buy" rating and lifted their price target for the stock from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd.

The Sage Group Stock Performance

Shares of The Sage Group stock opened at GBX 876.80 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 219.31. The firm has a market cap of £8.09 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The business has a fifty day simple moving average of GBX 849.31 and a 200-day simple moving average of GBX 980.84. The Sage Group has a fifty-two week low of GBX 771.66 and a fifty-two week high of GBX 1,335.

Insider Buying and Selling

In other The Sage Group news, insider John Bates acquired 35,000 shares of The Sage Group stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average cost of GBX 811 per share, with a total value of £283,850. Also, insider Derek Harding acquired 10,000 shares of The Sage Group stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average cost of GBX 864 per share, with a total value of £86,400. In the last ninety days, insiders acquired 55,000 shares of company stock valued at $45,415,000. Corporate insiders own 1.00% of the company's stock.

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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