The Sage Group plc (LON:SGE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The Sage Group plc (LON:SGE) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 1,072.86.

A number of research firms have commented on SGE. Jefferies Financial Group lowered their target price on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set a “buy” rating for the company in a report on Thursday, June 25th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,135 price target on shares of The Sage Group in a research note on Thursday, May 21st. UBS Group restated a “buy” rating and issued a GBX 1,025 price target on shares of The Sage Group in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating for the company in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. cut their target price on The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating on the stock in a research note on Wednesday, June 24th.

The Sage Group Stock Up 0.4%

Shares of LON SGE opened at GBX 849 on Wednesday. The firm has a market capitalization of £7.62 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 919.09. The Sage Group has a 1 year low of GBX 771.66 and a 1 year high of GBX 1,335. The firm’s 50-day moving average is GBX 847.35 and its 200-day moving average is GBX 881.80.

The Sage Group (LON:SGE) last posted its quarterly earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share for the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. The business had revenue of GBX 136.30 billion during the quarter. Equities analysts expect that The Sage Group will post 42.1496095 EPS for the current year.

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.