The Sage Group plc (LON:SGE) Receives Consensus Rating of “Moderate Buy” from Brokerages

The Sage Group plc (LON:SGE) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,189.17.

Several analysts recently issued reports on SGE shares. Shore Capital Group restated a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Jefferies Financial Group cut their target price on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a research report on Tuesday, March 24th. 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. Finally, Canaccord Genuity Group raised The Sage Group to a “buy” rating and raised their target price for the stock from GBX 1,100 to GBX 1,135 in a report on Monday, February 2nd.

Insider Buying and Selling

In related news, insider Derek Harding bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were bought at an average cost of GBX 864 per share, with a total value of £86,400. Also, insider John Bates bought 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of GBX 811 per share, for a total transaction of £283,850. In the last three months, insiders have purchased 55,000 shares of company stock valued at $45,415,000. 1.00% of the stock is owned by company insiders.

The Sage Group Price Performance

LON SGE opened at GBX 827.20 on Monday. The business’s fifty day moving average price is GBX 834.04 and its 200-day moving average price is GBX 999.77. The stock has a market capitalization of £7.63 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.22 and a beta of 0.30. The company has a debt-to-equity ratio of 219.31, a current ratio of 0.60 and a quick ratio of 0.58. The Sage Group has a 1-year low of GBX 771.66 and a 1-year high of GBX 1,335.

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.