Sage Group (OTCMKTS:SGPYY) Hits New 12-Month High – Here’s What Happened

Shares of Sage Group PLC (OTCMKTS:SGPYY) reached a new 52-week high on Thursday. The company traded as high as $63.1210 and last traded at $63.1210, with a volume of 4,240 shares changing hands. The stock had previously closed at $62.09.

Wall Street Analysts Forecast Growth

SGPYY has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. Citigroup reiterated a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Sage Group in a report on Friday, August 21st. Finally, Investec upgraded shares of Sage Group to a “buy” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Sage Group Stock Up 2.8%

The stock has a fifty day moving average price of $56.14 and a 200 day moving average price of $50.47.

Sage Group Company Profile

The Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and medium-sized businesses. Its solutions are designed to help organizations manage accounting, finance, payroll, human resources, enterprise operations and related administrative processes.

Sage’s product portfolio includes cloud-based accounting and financial-management applications, payroll and human-resources tools, enterprise-management software, and payment-related services.