The Sage Group (LON:SGE) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of The Sage Group plc (LON:SGE) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 998.09 and traded as low as GBX 816. The Sage Group shares last traded at GBX 841, with a volume of 9,525,235 shares traded.

Analyst Ratings Changes

SGE has been the subject of several recent analyst reports. Canaccord Genuity Group upgraded The Sage Group to a “buy” rating and boosted their target price for the stock from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd. Jefferies Financial Group cut their price target on The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Shore Capital Group reaffirmed a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Citigroup cut their price target on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,189.17.

The Sage Group Stock Performance

The company has a market cap of £8.02 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The firm has a 50-day simple moving average of GBX 831.07 and a 200 day simple moving average of GBX 996.52. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 219.31.

Insider Transactions at The Sage Group

In related news, insider John Bates purchased 35,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was acquired at an average price of GBX 811 per share, for a total transaction of £283,850. Also, insider Lori Mitchell- Keller purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were bought at an average price of GBX 839 per share, with a total value of £83,900. Insiders purchased 55,000 shares of company stock worth $45,415,000 over the last 90 days. 1.00% of the stock is currently owned by insiders.

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.