The Sage Group plc (LON:SGE) Receives GBX 3,500 Consensus PT from Analysts

The Sage Group plc (LON:SGE) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 3,500.

Several equities analysts have issued reports on SGE shares. Canaccord Genuity Group decreased 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 research note on Thursday, July 31st. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,480 price objective on shares of The Sage Group in a research note on Thursday, July 31st. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Wednesday, July 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of The Sage Group in a research note on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,350 price objective on shares of The Sage Group in a research note on Thursday, July 31st.

The Sage Group Stock Performance

LON SGE opened at GBX 1,162.25 on Monday. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The Sage Group has a 1 year low of GBX 960 and a 1 year high of GBX 1,349. The company has a market capitalization of £11.10 billion, a PE ratio of 3,380.60, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a fifty day moving average of GBX 1,100.76 and a two-hundred day moving average of GBX 1,182.04.

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.