Barclays Reiterates Equal Weight Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGEGet Rating)‘s stock had its “equal weight” rating reiterated by equities researchers at Barclays in a research report issued on Wednesday, reports. They currently have a GBX 720 ($8.82) price target on the stock. Barclays‘s price objective suggests a potential downside of 3.30% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Shore Capital reaffirmed a “buy” rating on shares of The Sage Group in a research report on Tuesday. Morgan Stanley reiterated an “overweight” rating on shares of The Sage Group in a report on Wednesday, May 11th. JPMorgan Chase & Co. reduced their price objective on The Sage Group from GBX 735 ($9.01) to GBX 700 ($8.58) and set a “neutral” rating for the company in a research report on Monday, May 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 590 ($7.23) target price on shares of The Sage Group in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 715 ($8.76).

The Sage Group Price Performance

The Sage Group stock opened at GBX 744.60 ($9.12) on Wednesday. The Sage Group has a one year low of GBX 587.20 ($7.20) and a one year high of GBX 862.20 ($10.56). The company has a debt-to-equity ratio of 96.76, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s 50 day moving average is GBX 658.97 and its 200 day moving average is GBX 687.06. The firm has a market cap of £7.59 billion and a P/E ratio of 2,659.29.

The Sage Group Company Profile

(Get Rating)

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software products and financial management solutions; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a HR management solution.

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