The Sage Group plc (LON:SGE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give The Sage Group a “Moderate Buy” consensus: Five of eight analysts recommend buying the stock, while three rate it a hold. The average 12-month price target is GBX 1,094.29.
• Recent broker actions were generally positive, with price targets ranging from GBX 1,000 to GBX 1,150; Citigroup raised its target to GBX 1,150, while Deutsche Bank upgraded its target to GBX 1,050 but retained a hold rating.
• Sage shares opened at GBX 1,048.50, implying limited upside to the average target, and the company reported quarterly EPS of GBX 23.74, a 14.62% net margin, and an 81.91% return on equity.

The Sage Group plc (LON:SGE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,094.29.

Several research analysts recently commented on SGE shares. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 1,135 price target on shares of The Sage Group in a research note on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and set a GBX 1,000 price objective on shares of The Sage Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on The Sage Group from GBX 900 to GBX 1,050 and gave the company a "hold" rating in a research report on Thursday, July 30th. UBS Group reiterated a "buy" rating and set a GBX 1,025 target price on shares of The Sage Group in a research note on Monday, May 18th. Finally, Citigroup raised their price target on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a "buy" rating in a research report on Thursday, July 30th.

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 1,048.50 on Friday. The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58. The company's fifty day moving average price is GBX 865.69 and its two-hundred day moving average price is GBX 868.55. The firm has a market capitalization of £9.41 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.22 and a beta of 0.30. The Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,199.50.

The Sage Group (LON:SGE - Get Free Report) last announced its earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share for the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%.The company had revenue of GBX 136.30 billion during the quarter. On average, research analysts anticipate that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

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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