The Sage Group (LON:SGE) Receives Buy Rating from UBS Group

The Sage Group (LON:SGE)‘s stock had its “buy” rating restated by investment analysts at UBS Group in a research report issued to clients and investors on Monday,Digital Look reports. They presently have a GBX 1,025 target price on the stock. UBS Group’s price objective would indicate a potential upside of 18.24% from the stock’s previous close.

Several other research analysts have also commented on SGE. Citigroup decreased their target price on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Canaccord Genuity Group upgraded The Sage Group to a “buy” rating and raised their price objective for the stock from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Shore Capital Group restated a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group decreased their price target on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 24th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,165.71.

The Sage Group Stock Up 1.0%

Shares of The Sage Group stock opened at GBX 866.90 on Monday. The business has a 50-day moving average price of GBX 859.49 and a 200 day moving average price of GBX 960.80. The Sage Group has a fifty-two week low of GBX 771.66 and a fifty-two week high of GBX 1,335. The firm has a market cap of £7.93 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.22 and a beta of 0.30. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 219.31.

Insider Transactions at The Sage Group

In related news, insider Lori Mitchell- Keller acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average cost of GBX 839 per share, for a total transaction of £83,900. 1.00% of the stock is owned by corporate insiders.

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.