The Sage Group (LON:SGE) Stock Rating Upgraded by Canaccord Genuity Group

The Sage Group (LON:SGE) was upgraded by Canaccord Genuity Group to a “hold” rating in a report issued on Monday,Digital Look reports. The brokerage presently has a GBX 1,100 price objective on the stock, up from their prior price objective of GBX 1,080. Canaccord Genuity Group’s price target indicates a potential downside of 6.06% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,350 price target on shares of The Sage Group in a report on Thursday, July 31st. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Wednesday, July 30th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of The Sage Group in a report on Thursday, September 11th. Finally, Jefferies Financial Group restated 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. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 3,503.33.

The Sage Group Stock Performance

SGE stock traded up GBX 21.50 during midday trading on Monday, reaching GBX 1,171. 2,012,389 shares of the company’s stock traded hands, compared to its average volume of 8,639,779. The firm has a market capitalization of £11.19 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a 50-day moving average price of GBX 1,109.72 and a two-hundred day moving average price of GBX 1,181.88. The Sage Group has a 52 week low of GBX 974.40 and a 52 week high of GBX 1,349. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76.

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.