The Sage Group plc (LON:SGE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Sage Group plc (LON:SGE) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,130.

Several equities research analysts have recently issued reports on SGE shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating for the company in a report on Tuesday, May 26th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a report on Thursday, May 21st. UBS Group restated a “buy” rating and issued a GBX 1,025 target price on shares of The Sage Group in a report on Monday, May 18th. Citigroup lowered their target price on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a report on Tuesday, March 10th. Finally, Jefferies Financial Group lowered their target price on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 24th.

The Sage Group Price Performance

SGE stock opened at GBX 842.40 on Tuesday. The Sage Group has a 52 week low of GBX 771.66 and a 52 week high of GBX 1,335. The firm has a market capitalization of £7.70 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 919.09. The company has a fifty day simple moving average of GBX 866.83 and a two-hundred day simple moving average of GBX 943.29.

The Sage Group (LON:SGE) last released its earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share (EPS) for the quarter. The firm had revenue of GBX 136.30 billion during the quarter. The Sage Group had a net margin of 14.62% and a return on equity of 81.91%. Analysts anticipate that The Sage Group will post 42.1496095 earnings per share 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.