Canaccord Genuity Group Reiterates Buy Rating for The Sage Group (LON:SGE)

by · The Cerbat Gem

The Sage Group (LON:SGE – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 1,135 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 27.47% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group decreased their price objective on The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Citigroup lowered their price target on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a report on Tuesday, March 10th. UBS Group reiterated a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a research note on Monday. Finally, Shore Capital Group reissued a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, The Sage Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,165.71.

Get Our Latest Stock Analysis on The Sage Group

The Sage Group Stock Down 0.7%

The Sage Group stock traded down GBX 6.60 during mid-day trading on Thursday, reaching GBX 890.40. 14,714,831 shares of the company were exchanged, compared to its average volume of 44,311,449. The company has a debt-to-equity ratio of 219.31, a quick ratio of 0.58 and a current ratio of 0.60. The firm has a market cap of £8.14 billion, a P/E ratio of 23.96, a PEG ratio of 1.22 and a beta of 0.30. The business has a fifty day moving average of GBX 862.94 and a 200 day moving average of GBX 955.27. The Sage Group has a 12-month low of GBX 771.66 and a 12-month high of GBX 1,335.

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 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.

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