The Sage Group (LON:SGE) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

The Sage Group plc (LON:SGE)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 867.28 and traded as high as GBX 1,029. The Sage Group shares last traded at GBX 1,017.96, with a volume of 2,319,127 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup increased their price target on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. reduced their price objective on The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research report on Thursday, July 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,135 price target on shares of The Sage Group in a research note on Wednesday, July 29th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 1,025 price objective on shares of The Sage Group in a research note on Monday, May 18th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,094.29.

The Sage Group Stock Performance

The firm has a market capitalization of £9.34 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.22 and a beta of 0.30. The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58. The firm’s fifty day moving average is GBX 861.56 and its 200 day moving average is GBX 867.28.

The Sage Group (LON:SGE) last issued its earnings results on Friday, May 22nd. The company reported GBX 23.74 EPS for the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%.The firm had revenue of GBX 136.30 billion for the quarter. On average, analysts predict that The Sage Group plc will post 42.1496095 EPS for the current fiscal year.

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.