The Sage Group (LON:SGE) Given New £145 Price Target at Citigroup

The Sage Group (LON:SGE) had its target price increased by stock analysts at Citigroup from £135 ($169.96) to £145 ($182.55) in a research note issued to investors on Friday,Digital Look reports. The firm currently has a “buy” rating on the stock.

Separately, JPMorgan Chase & Co. reduced their price target on The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,813 ($48.00).

The Sage Group Stock Performance

LON SGE opened at GBX 1,279.50 ($16.11) on Friday. The firm has a market cap of £12.75 billion, a price-to-earnings ratio of 4,925.00, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a 12-month low of GBX 954.20 ($12.01) and a 12-month high of GBX 1,320 ($16.62). The company has a 50-day simple moving average of GBX 1,023.78 and a two-hundred day simple moving average of GBX 1,051.45. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72.

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.