Sage Group (OTCMKTS:SGPYY) Shares Gap Up – Time to Buy?

Sage Group PLC (OTCMKTS:SGPYYGet Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $51.88, but opened at $54.98. Sage Group shares last traded at $54.44, with a volume of 839 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SGPYY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a report on Friday, August 21st. Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sage Group in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Get Our Latest Report on Sage Group

Sage Group Stock Down 0.4%

The stock’s fifty day simple moving average is $53.09 and its 200-day simple moving average is $48.52.

Sage Group Company Profile

(Get Free Report)

The Sage Group plc is a United Kingdom-based technology company that provides business management software and services for small and mid-sized businesses. Its products are designed to help organizations manage core administrative and financial functions, including accounting, payroll, human resources, payments and enterprise financial management.

Sage offers cloud-based and connected software solutions, including Sage Business Cloud products and Sage Intacct, along with related services such as payroll processing, compliance support and financial reporting.

Further Reading

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