Sage Group PLC (SGPYY) – What Are Investment Firms Saying About This Stock?

Shares of Sage Group PLC (OTCMKTS:SGPYY) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities analysts recently commented on SGPYY shares. Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. Finally, Investec upgraded Sage Group to a “buy” rating in a research note on Friday.

Sage Group Trading Up 0.7%

OTCMKTS:SGPYY traded up $0.39 during midday trading on Tuesday, reaching $57.66. The company had a trading volume of 3,030 shares, compared to its average volume of 56,558. Sage Group has a 12-month low of $41.80 and a 12-month high of $63.09. The stock’s fifty day simple moving average is $55.54 and its 200-day simple moving average is $49.71.

About Sage Group

Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and midsized businesses. Its solutions are designed to help organizations manage accounting, financial reporting, payroll, human resources, payments and related administrative functions.

The company offers cloud-based products including Sage Business Cloud Accounting, Sage Intacct, Sage 50, Sage 200 and Sage X3, along with payroll, human resources and payment services.