Analysts Set The Sage Group plc (LON:SGE) Target Price at GBX 1,094.29

The Sage Group plc (LON:SGE – Get Free Report) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,094.29.

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. Citigroup boosted their price objective on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 target price on shares of The Sage Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft increased their target price on The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research report on Thursday, July 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,135 price target on shares of The Sage Group in a report on Wednesday, July 29th.

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The Sage Group Trading Up 4.3%

Shares of SGE opened at GBX 1,058.50 on Friday. The Sage Group has a 1-year low of GBX 771.66 and a 1-year high of GBX 1,181. The company has a 50-day moving average of GBX 877.96 and a 200 day moving average of GBX 867.34. The firm has a market capitalization of £9.50 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.22 and a beta of 0.32. The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58.

The Sage Group (LON:SGE – Get Free Report) last announced its quarterly earnings data on Friday, May 22nd. The company reported GBX 23.74 earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%.The company had revenue of GBX 136.30 billion for the quarter. On average, research analysts expect that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group Company Profile

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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.

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