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

The Sage Group (LON:SGE)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued on Monday, Digital Look reports. They presently have a GBX 615 ($7.80) target price on the stock. Canaccord Genuity Group’s target price suggests a potential downside of 43.16% from the stock’s current price.

A number of other research firms have also weighed in on SGE. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Thursday, May 16th. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,400 ($17.76) target price on shares of The Sage Group in a research note on Thursday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,127.50 ($14.30).

The Sage Group Stock Down 0.6 %

Shares of LON:SGE opened at GBX 1,082 ($13.73) on Monday. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The Sage Group has a 12 month low of GBX 892.40 ($11.32) and a 12 month high of GBX 1,285 ($16.30). The company has a 50-day moving average price of GBX 1,104.28 and a 200 day moving average price of GBX 1,162.73. The company has a market cap of £10.80 billion, a price-to-earnings ratio of 4,161.54, a PEG ratio of 2.80 and a beta of 0.59.

Insider Buying and Selling at The Sage Group

In other news, insider Annette Court acquired 950 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average price of GBX 1,065 ($13.51) per share, with a total value of £10,117.50 ($12,834.58). 0.67% of the stock is owned by corporate insiders.

About The Sage Group

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.