Brokerages Set The Sage Group plc (LON:SGE) Target Price at GBX 1,173

The Sage Group plc (LON:SGE) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,173 ($15.23).

A number of brokerages have recently commented on SGE. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 615 ($7.98) price objective on shares of The Sage Group in a research note on Monday, July 1st. Jefferies Financial Group reaffirmed 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of The Sage Group from GBX 1,300 ($16.88) to GBX 1,250 ($16.23) and set an “overweight” rating on the stock in a research note on Wednesday, July 31st.

The Sage Group Stock Up 0.0 %

The Sage Group stock opened at GBX 1,027 ($13.33) on Tuesday. The business’s 50-day moving average price is GBX 1,013.74 and its 200 day moving average price is GBX 1,073.28. 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 firm has a market cap of £10.23 billion, a price-to-earnings ratio of 3,948.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. 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).

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.