Sage Group (OTCMKTS:SGPYY) Rating Lowered to Hold at Zacks Research

Sage Group (OTCMKTS:SGPYY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group raised Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Sage Group Stock Performance

Shares of SGPYY stock opened at $56.51 on Wednesday. The business has a 50-day moving average of $59.70 and a 200 day moving average of $63.09. Sage Group has a 1-year low of $55.57 and a 1-year high of $69.79.

About 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.