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

Key Points

• The Sage Group has a consensus recommendation of Moderate Buy from seven brokerages (four buys, three holds), with an average 1‑year analyst target of GBX 1,189.17.
• Insiders have been buying shares recently: Lori Mitchell‑Keller purchased 10,000 shares at GBX 839 and John Bates bought 35,000 at GBX 811, and insiders are reported to have acquired a total of 55,000 shares in the last 90 days, owning 1.00% of the company.
• The stock opened at GBX 856.40, has a market cap of £8.02 billion and a P/E of 23.05, with a 12‑month range of GBX 771.66–1,335 and 50/200‑day moving averages of GBX 848.04 and GBX 1,008.60 respectively.

The Sage Group plc (LON:SGE - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 1,189.17.

Several equities research analysts have recently weighed in on SGE shares. Deutsche Bank Aktiengesellschaft decreased their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a "hold" rating for the company in a research note on Wednesday, January 28th. Jefferies Financial Group lowered their price target on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a "buy" rating for the company in a report on Tuesday, March 24th. Shore Capital Group reaffirmed a "hold" rating on shares of The Sage Group in a research note on Tuesday, January 27th. Canaccord Genuity Group upgraded shares of The Sage Group to a "buy" rating and increased their price objective for the stock from GBX 1,100 to GBX 1,135 in a research report on Monday, February 2nd. Finally, Citigroup dropped their target price on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a "buy" rating on the stock in a report on Tuesday, March 10th.

Insider Activity at The Sage Group

In other The Sage Group news, insider Lori Mitchell- Keller bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of GBX 839 per share, with a total value of £83,900. Also, insider John Bates bought 35,000 shares of the stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of GBX 811 per share, with a total value of £283,850. Insiders have acquired a total of 55,000 shares of company stock worth $45,415,000 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

The Sage Group Stock Performance

Shares of The Sage Group stock opened at GBX 856.40 on Monday. The stock has a market cap of £8.02 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 1.22 and a beta of 0.35. The Sage Group has a twelve month low of GBX 771.66 and a twelve month high of GBX 1,335. The company's fifty day moving average is GBX 848.04 and its 200 day moving average is GBX 1,008.60. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 219.31.

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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