The Sage Group plc (LON:SGE) Receives GBX 1,173 Average PT from Brokerages

Shares of The Sage Group plc (LON:SGE) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,173 ($15.50).

A number of brokerages have commented on SGE. JPMorgan Chase & Co. reduced their target price on shares of The Sage Group from GBX 1,300 ($17.17) to GBX 1,250 ($16.51) and set an “overweight” rating for the company in a report on Wednesday, July 31st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 615 ($8.12) target price on shares of The Sage Group in a report on Monday, July 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,400 ($18.49) target price on shares of The Sage Group in a research report on Thursday, June 27th.

The Sage Group Stock Down 2.1 %

Shares of The Sage Group stock opened at GBX 1,011 ($13.36) on Friday. The Sage Group has a twelve month low of GBX 944.96 ($12.48) and a twelve month high of GBX 1,285 ($16.97). The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The company’s 50 day moving average is GBX 1,026.89 and its 200 day moving average is GBX 1,103.12. The company has a market cap of £10.09 billion, a price-to-earnings ratio of 3,888.46, a price-to-earnings-growth ratio of 1.21 and a beta of 0.53.

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.