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

Key Points

• The Sage Group plc has received an average rating of "Hold" from seven brokerages, with two analysts rating it as a sell, three as a buy, and two as a hold.
• The average twelve-month target price for The Sage Group shares is GBX 3,500, while the stock opened at GBX 1,085.50 on Thursday.
• Insider Steve Hare purchased 3,076 shares at an average price of GBX 1,206, indicating confidence from company insiders in the stock's potential.

Shares of The Sage Group plc (LON:SGE - Get Free Report) have received an average recommendation of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,500.

A number of equities research analysts have weighed in on SGE shares. Jefferies Financial Group reiterated a "buy" rating and set a GBX 1,480 price target on shares of The Sage Group in a research report on Thursday, July 31st. Canaccord Genuity Group dropped their price objective 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,350 price objective on shares of The Sage Group in a report on Thursday, July 31st. JPMorgan Chase & Co. restated an "overweight" rating on shares of The Sage Group in a report on Thursday, September 11th. Finally, Shore Capital reiterated a "hold" rating on shares of The Sage Group in a research note on Wednesday, July 30th.

The Sage Group Trading Down 0.4%

The Sage Group stock traded down GBX 4.50 during midday trading on Thursday, hitting GBX 1,100. 5,829,996 shares of the stock were exchanged, compared to its average volume of 9,101,396. The Sage Group has a fifty-two week low of GBX 960 and a fifty-two week high of GBX 1,349. The stock has a market capitalization of £10.51 billion, a price-to-earnings ratio of 3,199.53, a PEG ratio of 1.22 and a beta of 0.53. The stock's 50-day simple moving average is GBX 1,146.13 and its 200 day simple moving average is GBX 1,193.33. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00.

Insider Transactions at The Sage Group

In other news, insider Steve Hare purchased 3,076 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was bought at an average price of GBX 1,206 per share, for a total transaction of £37,096.56. 0.95% of the stock is owned by corporate insiders.

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.