The Sage Group (OTCMKTS:SGPYY) Rating Lowered to Neutral at BNP Paribas

The Sage Group (OTCMKTS:SGPYY – Get Rating) was downgraded by research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a report released on Friday, Briefing.com reports.

Other research analysts also recently issued reports about the company. Barclays boosted their price target on The Sage Group from GBX 720 ($8.78) to GBX 775 ($9.45) in a report on Monday, November 21st. UBS Group downgraded The Sage Group from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 20th. Societe Generale upped their target price on The Sage Group from GBX 649 ($7.91) to GBX 683 ($8.32) in a research note on Thursday, November 17th. Deutsche Bank Aktiengesellschaft raised The Sage Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. upped their target price on The Sage Group from GBX 725 ($8.84) to GBX 780 ($9.51) in a research note on Friday, January 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $782.29.

The Sage Group Stock Down 2.4 %

Shares of OTCMKTS:SGPYY opened at $35.70 on Friday. The Sage Group has a 12-month low of $28.42 and a 12-month high of $40.06. The business has a 50 day moving average of $37.19 and a two-hundred day moving average of $35.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.67 and a quick ratio of 0.67.

About The Sage Group

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The Sage Group plc engages in the provision of business management solutions. It offers accounting, enterprise resource planning and payroll software. It operates through the following business segments: Northern Europe, Central and Southern Europe, and North America. The company was founded by David Goldman, Paul Muller, and Graham Wylie in 1981 and is headquartered in Newcastle-upon-Tyne, the United Kingdom.