Canaccord Genuity Group Reiterates Sell Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGE)‘s stock had its “sell” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,090 ($13.51) price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential downside of 18.20% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Shore Capital reissued a “hold” rating on shares of The Sage Group in a report on Thursday. Canaccord Genuity Group raised their target price on shares of The Sage Group from GBX 970 ($12.02) to GBX 1,090 ($13.51) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on The Sage Group from GBX 1,170 ($14.50) to GBX 1,350 ($16.73) and gave the stock a “hold” rating in a research note on Friday, November 22nd. Finally, Citigroup restated a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 3,446.67 ($42.71).

The Sage Group Stock Up 0.3 %

The Sage Group stock opened at GBX 1,332.59 ($16.51) on Thursday. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The stock has a market capitalization of £13.28 billion, a PE ratio of 5,125.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The business has a 50 day simple moving average of GBX 1,300.53 and a 200-day simple moving average of GBX 1,121.49. The Sage Group has a 12 month low of GBX 954.20 ($11.83) and a 12 month high of GBX 1,348 ($16.71).

The Sage Group (LON:SGE) last issued its quarterly earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) EPS for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 22.31%. On average, analysts anticipate that The Sage Group will post 42.1496095 EPS for the current fiscal year.

Insider Buying and Selling

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.23), for a total value of £364,756.40 ($452,046.60). 1.08% of the stock is currently 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.