The Sage Group (LON:SGE) Receives Buy Rating from Numis Securities

The Sage Group (LON:SGE – Get Rating)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities in a research note issued on Thursday, MarketBeat.com reports.

SGE has been the subject of several other reports. Barclays restated an “equal weight” rating and set a GBX 720 ($8.79) price target on shares of The Sage Group in a report on Thursday, November 17th. Shore Capital restated a “buy” rating on shares of The Sage Group in a report on Friday, December 2nd. JPMorgan Chase & Co. reduced their price target on The Sage Group from GBX 700 ($8.54) to GBX 685 ($8.36) and set a “neutral” rating for the company in a report on Friday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded The Sage Group to a “hold” rating and raised their price target for the company from GBX 590 ($7.20) to GBX 800 ($9.76) in a report on Wednesday, November 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 753 ($9.19).

The Sage Group Price Performance

SGE opened at GBX 760.40 ($9.28) on Thursday. The stock has a fifty day simple moving average of GBX 776.34 and a two-hundred day simple moving average of GBX 733.63. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 87.47. The company has a market cap of £7.79 billion and a price-to-earnings ratio of 3,041.60. The Sage Group has a 12-month low of GBX 587.20 ($7.17) and a 12-month high of GBX 823 ($10.04).

Insider Buying and Selling

In related news, insider Steve Hare sold 25,056 shares of The Sage Group stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of GBX 787 ($9.60), for a total value of £197,190.72 ($240,623.21). In other The Sage Group news, insider Steve Hare sold 25,056 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of GBX 787 ($9.60), for a total value of £197,190.72 ($240,623.21). Also, insider Jonathan Howell sold 22,260 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of GBX 784 ($9.57), for a total value of £174,518.40 ($212,957.17). In the last ninety days, insiders sold 63,624 shares of company stock worth $50,298,852.

About The Sage Group

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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 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.