The Sage Group plc (LON:SGE) Receives GBX 1,173 Average Price Target from Analysts

The Sage Group plc (LON:SGE) has been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,173 ($15.23).

SGE has been the subject of several research reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,400 ($18.18) price objective on shares of The Sage Group in a report on Thursday, June 27th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 615 ($7.98) price target on shares of The Sage Group in a research report on Monday, July 1st. Finally, JPMorgan Chase & Co. cut their price target on The Sage Group from GBX 1,300 ($16.88) to GBX 1,250 ($16.23) and set an “overweight” rating for the company in a report on Wednesday, July 31st.

The Sage Group Price Performance

The Sage Group stock opened at GBX 1,027 ($13.33) on Tuesday. The company has a fifty day simple moving average of GBX 1,013.74 and a 200-day simple moving average of GBX 1,073.28. The firm has a market capitalization of £10.23 billion, a price-to-earnings ratio of 3,948.08, a PEG ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The Sage Group has a 52-week low of GBX 944.96 ($12.27) and a 52-week high of GBX 1,285 ($16.68).

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.