The Sage Group (LON:SGE) Given Buy Rating at Citigroup

The Sage Group (LON:SGE)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup in a research report issued on Tuesday, Marketbeat reports.

Several other research analysts have also issued reports on the stock. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Sage Group from GBX 1,170 ($14.46) to GBX 1,350 ($16.69) and gave the company a “hold” rating in a report on Friday, November 22nd. Finally, Canaccord Genuity Group raised their target price on The Sage Group from GBX 970 ($11.99) to GBX 1,090 ($13.47) and gave the company a “sell” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 3,918 ($48.43).

The Sage Group Price Performance

Shares of SGE opened at GBX 1,307 ($16.16) on Tuesday. The firm has a market cap of £13.02 billion, a PE ratio of 5,026.92, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group has a 52-week low of GBX 954.20 ($11.79) and a 52-week high of GBX 1,328.50 ($16.42). The business’s 50 day moving average price is GBX 1,208.57 and its two-hundred day moving average price is GBX 1,095.66. The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72.

Insider Buying and Selling at The Sage Group

In related news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.19), for a total transaction of £364,756.40 ($450,873.18). Company insiders own 1.08% of the company’s stock.

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.