The Sage Group (LON:SGE) Earns Buy Rating from Citigroup

The Sage Group (LON:SGE)‘s stock had its “buy” rating restated by stock analysts at Citigroup in a research report issued to clients and investors on Tuesday, MarketBeat reports.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on The Sage Group from GBX 1,170 ($14.46) to GBX 1,350 ($16.69) and gave the company a “hold” rating in a research note on Friday, November 22nd. Canaccord Genuity Group raised their price target on shares of The Sage Group from GBX 970 ($11.99) to GBX 1,090 ($13.47) and gave the company a “sell” rating in a research note on Friday, November 22nd. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,918 ($48.43).

The Sage Group Trading Up 0.5 %

Shares of SGE stock opened at GBX 1,307 ($16.16) on Tuesday. The Sage Group has a fifty-two week low of GBX 954.20 ($11.79) and a fifty-two week high of GBX 1,328.50 ($16.42). The stock’s fifty day moving average price is GBX 1,208.57 and its two-hundred day moving average price is GBX 1,095.66. The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72. The company has a market cap of £13.02 billion, a PE ratio of 5,026.92, a P/E/G ratio of 1.22 and a beta of 0.53.

Insider Buying and Selling

In related news, insider Jonathan Howell sold 27,844 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.19), for a total value of £364,756.40 ($450,873.18). 1.08% of the stock is owned by corporate 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.