The Sage Group (LON:SGE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

The Sage Group plc (LON:SGE)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 867.28 and traded as high as GBX 1,029. The Sage Group shares last traded at GBX 1,017.96, with a volume of 2,319,127 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 price objective on shares of The Sage Group in a research note on Wednesday, July 29th. Citigroup raised their target price on The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. lowered their price target 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. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,135 price target on shares of The Sage Group in a research report on Wednesday, July 29th. Finally, UBS Group reissued a “buy” rating and issued a GBX 1,025 price objective on shares of The Sage Group in a research note on Monday, May 18th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,094.29.

The Sage Group Price Performance

The company has a debt-to-equity ratio of 919.09, a quick ratio of 0.58 and a current ratio of 0.62. The stock’s 50 day simple moving average is GBX 865.69 and its two-hundred day simple moving average is GBX 868.55. The firm has a market capitalization of £9.41 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30.

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

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.