The Sage Group (LON:SGE) Given New GBX 1,090 Price Target at Canaccord Genuity Group

The Sage Group (LON:SGE) had its price objective raised by stock analysts at Canaccord Genuity Group from GBX 970 ($12.21) to GBX 1,090 ($13.72) in a research report issued to clients and investors on Friday,Digital Look reports. The brokerage presently has a “sell” rating on the stock. Canaccord Genuity Group’s price target suggests a potential downside of 14.38% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Citigroup raised their price target on shares of The Sage Group from £135 ($169.96) to £145 ($182.55) and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, The Sage Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,908 ($49.20).

The Sage Group Stock Up 0.6 %

Shares of LON SGE opened at GBX 1,273 ($16.03) on Friday. The company’s 50-day simple moving average is GBX 1,023.78 and its 200-day simple moving average is GBX 1,051.45. The Sage Group has a 52-week low of GBX 954.20 ($12.01) and a 52-week high of GBX 1,320 ($16.62). The firm has a market cap of £12.68 billion, a price-to-earnings ratio of 4,907.69, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72.

The Sage Group Company Profile

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.