Sage Group plc (LON:SGE – Get Rating) has been awarded a consensus recommendation of “Hold” by the eight research firms that currently cover the business, Marketbeat Ratings reports. Two research analysts rated the stock with a sell recommendation, three gave the company a hold recommendation and three gave the company a buy recommendation. The average 1-year target price among brokerages that have hedged the stock over the past year is 763 GBX ($9.72).
Several brokerages have recently published reports on SGE. Shore Capital upgraded The Sage Group to a “buy” rating in a Wednesday, March 2 research report. Barclays raised its price target on The Sage Group from GBX 720 ($9.18) to GBX 730 ($9.30) and gave the stock an “underweight” rating in a Tuesday, April 12 research report . Canaccord Genuity Group reiterated a “hold” rating and set a price target of 760 GBX ($9.69) on shares of The Sage Group in a Tuesday, February 1 research report. Morgan Stanley reiterated an “overweight” rating on shares of The Sage Group in a Wednesday, Feb. 9 research report. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of The Sage Group in a Tuesday, February 8 report.
Shares of LON SGE were down 3.60 GBX ($0.05) on Friday midday, hitting 734 GBX ($9.36). 522,691 shares of the company were traded, against an average volume of 2,640,948. The company has a debt ratio of 73.27, a current ratio of 0.67 and a quick ratio of 0.58. The stock’s 50-day moving average price is 700.06 GBX and its 200-day moving average price is 742.19 GBX. The company has a market capitalization of £7.47 billion and a P/E ratio of 28.22. Sage Group has a 12-month low of 611.60 GBX ($7.80) and a 12-month high of 862.20 GBX ($10.99).
Separately, insider Steve Hare bought 3,000 shares of the company in a trade on Tuesday, February 15. The shares were purchased at an average price of 683 GBX ($8.71) per share, with a total value of £20,490 ($26,115.22).
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 and internationally. It offers cloud-native solutions, such as Sage Intacct, cloud accounting software and financial management solutions; Sage People, a cloud-based human resources and people management solution; Sage Accounting, a solution for small businesses, bookkeepers and bookkeepers to remotely manage customer data, accounts and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a human resource management solution.
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