UBS Group Reiterates “Buy” Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGEGet Free Report)‘s stock had its “buy” rating reaffirmed by analysts at UBS Group in a report released on Monday,Digital Look reports. They presently have a GBX 1,025 price objective on the stock. UBS Group’s price objective would indicate a potential upside of 18.24% from the stock’s current price.

SGE has been the topic of several other research reports. Shore Capital Group reaffirmed a “hold” rating on shares of The Sage Group in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Canaccord Genuity Group raised The Sage Group to a “buy” rating and raised their price target for the company from GBX 1,100 to GBX 1,135 in a report on Monday, February 2nd. Jefferies Financial Group cut their price objective on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Finally, Citigroup decreased 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. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, The Sage Group currently has an average rating of “Moderate Buy” and an average price target of GBX 1,165.71.

Check Out Our Latest Report on The Sage Group

The Sage Group Stock Performance

SGE opened at GBX 866.90 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 219.31. The business’s 50 day moving average is GBX 859.49 and its 200-day moving average is GBX 960.80. The stock has a market cap of £7.93 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The Sage Group has a twelve month low of GBX 771.66 and a twelve month high of GBX 1,335.

Insider Activity

In other news, insider Lori Mitchell- Keller acquired 10,000 shares of the company’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. Company insiders own 1.00% of the company’s stock.

About The Sage Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for The Sage Group (LON:SGE)

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