The Sage Group plc (SGE) Given Average Recommendation of “Hold” by Analysts

Shares of The Sage Group plc (LON:SGE) have been given an average rating of “Hold” by the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 596.25 ($7.79).

A number of research firms have weighed in on SGE. Barclays reiterated an “underweight” rating on shares of The Sage Group in a research report on Wednesday, January 9th. Goldman Sachs Group reiterated a “neutral” rating on shares of The Sage Group in a research report on Monday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of The Sage Group from GBX 560 ($7.32) to GBX 620 ($8.10) and gave the company a “neutral” rating in a research report on Thursday, January 10th. Numis Securities boosted their price objective on shares of The Sage Group from GBX 500 ($6.53) to GBX 630 ($8.23) and gave the company a “hold” rating in a research report on Monday, January 21st. Finally, Shore Capital reiterated a “buy” rating on shares of The Sage Group in a research report on Thursday, January 17th.

SGE traded up GBX 12.80 ($0.17) during trading hours on Tuesday, hitting GBX 721.80 ($9.43). The company’s stock had a trading volume of 2,810,818 shares, compared to its average volume of 3,690,000. The Sage Group has a 12 month low of GBX 491.30 ($6.42) and a 12 month high of GBX 716.80 ($9.37). The stock has a market capitalization of $7.84 billion and a PE ratio of 26.63. The company has a debt-to-equity ratio of 69.41, a quick ratio of 0.67 and a current ratio of 0.85.

In other news, insider D. Blair Crump sold 11,026 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 668 ($8.73), for a total value of £73,653.68 ($96,241.58). Also, insider Steve Hare purchased 4,468 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of GBX 675 ($8.82) per share, for a total transaction of £30,159 ($39,408.08).

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.

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Analyst Recommendations for The Sage Group (LON:SGE)

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