Sage Group (OTCMKTS:SGPYY) Reaches New 12-Month High – Time to Buy?

Sage Group PLC (OTCMKTS:SGPYY) shares reached a new 52-week high on Wednesday. The company traded as high as $64.56 and last traded at $64.56, with a volume of 2,688 shares traded. The stock had previously closed at $61.8750.

Analysts Set New Price Targets

Several equities analysts have weighed in on SGPYY shares. Investec upgraded shares of Sage Group to a “buy” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Canaccord Genuity Group lowered shares of Sage Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Jefferies Financial Group reissued a “buy” rating on shares of Sage Group in a research note on Wednesday, July 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Sage Group in a report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Sage Group has a consensus rating of “Moderate Buy”.

Sage Group Price Performance

The business’s 50-day simple moving average is $56.93 and its two-hundred day simple moving average is $50.10.

About Sage Group

The Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and medium-sized businesses. Its solutions are designed to help organizations manage accounting, finance, payroll, human resources, enterprise operations and related administrative processes.

Sage’s product portfolio includes cloud-based accounting and financial-management applications, payroll and human-resources tools, enterprise-management software, and payment-related services.