The Sage Group (LON:SGE) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

The Sage Group (LON:SGE) had its target price upped by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 1,170 ($14.67) to GBX 1,350 ($16.92) in a research report issued to clients and investors on Friday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 4.98% from the company’s previous close.

Several other equities analysts also recently weighed in on SGE. JPMorgan Chase & Co. cut their price target on shares of The Sage Group from GBX 1,300 ($16.30) to GBX 1,250 ($15.67) and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Canaccord Genuity Group increased their price objective on shares of The Sage Group from GBX 970 ($12.16) to GBX 1,090 ($13.66) and gave the stock a “sell” rating in a research note on Friday. Finally, Citigroup raised their target price on shares of The Sage Group from £135 ($169.24) to £145 ($181.77) and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, The Sage Group has an average rating of “Hold” and an average price target of GBX 3,918 ($49.12).

The Sage Group Trading Up 1.6 %

Shares of The Sage Group stock opened at GBX 1,286 ($16.12) on Friday. The firm’s 50 day simple moving average is GBX 1,035.08 and its two-hundred day simple moving average is GBX 1,052.99. The firm has a market capitalization of £12.81 billion, a price-to-earnings ratio of 4,946.15, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a 12-month low of GBX 954.20 ($11.96) and a 12-month high of GBX 1,320 ($16.55). The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72.

Insider Buying and Selling

In other news, insider Jonathan Howell sold 70,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.92), for a total transaction of £889,000 ($1,114,454.06). 1.08% of the stock is currently owned by insiders.

The Sage Group Company Profile

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.