The Sage Group (LON:SGE – Get Rating)‘s stock had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft in a report released on Wednesday, Marketbeat reports. They presently have a GBX 590 ($7.23) target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 20.76% from the company’s current price.
Several other brokerages have also issued reports on SGE. Shore Capital reissued a “buy” rating on shares of The Sage Group in a research note on Tuesday. Barclays raised shares of The Sage Group to an “equal weight” rating and cut their target price for the stock from GBX 730 ($8.94) to GBX 720 ($8.82) in a research note on Wednesday, July 6th. JPMorgan Chase & Co. dropped their price objective on shares of The Sage Group from GBX 735 ($9.01) to GBX 700 ($8.58) and set a “neutral” rating on the stock in a research note on Monday, May 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of The Sage Group in a research note on Wednesday, May 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 715 ($8.76).
The Sage Group Stock Up 2.2 %
Shares of LON SGE opened at GBX 744.60 ($9.12) on Wednesday. The firm has a market cap of £7.59 billion and a PE ratio of 2,659.29. The Sage Group has a 12-month low of GBX 587.20 ($7.20) and a 12-month high of GBX 862.20 ($10.56). The company’s fifty day simple moving average is GBX 658.97 and its 200 day simple moving average is GBX 687.06. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 96.76.
About The Sage Group
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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