Brokerages Set The Sage Group plc (LON:SGE) PT at GBX 1,130

Shares of The Sage Group plc (LON:SGE) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 1,072.86.

A number of equities analysts have weighed in on the stock. Citigroup cut their target price on shares of 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 reiterated a “buy” rating and set a GBX 1,135 target price on shares of The Sage Group in a research report on Thursday, May 21st. UBS Group reiterated a “buy” rating and set a GBX 1,025 target price on shares of The Sage Group in a research report on Monday, May 18th. JPMorgan Chase & Co. cut their target price on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating for the company in a research report on Tuesday, May 26th.

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 817.60 on Friday. The firm has a 50-day moving average of GBX 865.45 and a 200-day moving average of GBX 908.60. The company has a market cap of £7.37 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.22 and a beta of 0.29. The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58. The Sage Group has a one year low of GBX 771.66 and a one year high of GBX 1,335.

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 company had revenue of GBX 136.30 billion during the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. Equities research analysts forecast that The Sage Group will post 42.1496095 EPS for the current fiscal 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.