The Sage Group (LON:SGE) upgraded to buy from Shore Capital

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The Sage Group (LON:SGE – Get an Assessment) was upgraded by research analysts Shore Capital to a “buy” rating in a research note released Wednesday, Digital Look reports.

Other stock analysts have also recently published research reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of The Sage Group in a Tuesday, February 8 research report. Canaccord Genuity Group restated a “holding” rating and issued a price target of 760 GBX ($10.20) on shares of The Sage Group in a Tuesday, February 1, report. Morgan Stanley reiterated an “overweight” rating on shares of The Sage Group in a Wednesday, Feb. 9 report. Barclays raised its price target on The Sage Group from GBX 600 ($8.05) to GBX 730 ($9.79) and gave the stock an “underweight” rating in a Tuesday, January 11 report . Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 735 ($9.86) price target on shares of The Sage Group in a Thursday, Dec. 9 report. Two research analysts have assigned the stock a sell rating, three have assigned a hold rating and four have assigned the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 736.43 ($9.88).

LON SGE opened on Wednesday at GBX 707.20 ($9.49). The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt ratio of 73.27. The company’s 50-day moving average is 756.62 GBX and its two-hundred-day moving average is 751.77 GBX. The Sage Group has a 12-month low of 573.20 GBX ($7.69) and a 12-month high of 862.20 GBX ($11.57). The stock has a market capitalization of £7.20 billion and a price-earnings ratio of 27.16.

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In related news, insider Steve Hare bought 3,000 shares of Sage Group in a trade that took place on Tuesday, February 15. The shares were purchased at an average price of 683 GBX ($9.16) per share, with a total value of £20,490 ($27,492.28).

About Sage Group (Get a rating)

The Sage Group plc, together with its subsidiaries, provides technology solutions and services to small and medium-sized businesses in North America, Northern Europe, Central and Southern Europe and internationally. It offers cloud-native solutions, such as Sage Intacct, a cloud-based financial management platform; Sage People, a cloud-based human resources and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts and people; Sage Payroll, payroll and HR software; and CakeHR, a human resource management solution that allows small businesses to manage their workforce with tools including reports, org chart, payslip, and time off request.

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Analyst Recommendations for The Sage Group (LON:SGE)

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