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

The Sage Group (LON:SGE)‘s stock had its “sell” rating reiterated by equities researchers at Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They presently have a GBX 1,090 ($13.57) target price on the stock. Canaccord Genuity Group’s price target points to a potential downside of 18.03% from the company’s current price.

SGE has been the subject of several other reports. Canaccord Genuity Group increased their price objective on shares of The Sage Group from GBX 970 ($12.08) to GBX 1,090 ($13.57) and gave the stock a “sell” rating in a research report on Friday, November 22nd. Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of The Sage Group from GBX 1,170 ($14.57) to GBX 1,350 ($16.81) and gave the stock a “hold” rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 3,446.67 ($42.91).

The Sage Group Price Performance

The Sage Group stock traded down GBX 6.82 ($0.08) during midday trading on Thursday, reaching GBX 1,329.68 ($16.55). The company’s stock had a trading volume of 4,066,540 shares, compared to its average volume of 15,406,581. The business has a 50-day moving average price of GBX 1,295.51 and a 200-day moving average price of GBX 1,120.02. The stock has a market cap of £13.25 billion, a PE ratio of 5,114.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group has a 52 week low of GBX 954.20 ($11.88) and a 52 week high of GBX 1,342 ($16.71). The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72.

The Sage Group (LON:SGE) last posted its earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) EPS for the quarter. The Sage Group had a return on equity of 22.31% and a net margin of 11.87%. On average, sell-side analysts predict that The Sage Group will post 42.1496095 EPS for the current year.

Insider Activity at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.81), for a total transaction of £889,000 ($1,106,822.71). 1.08% of the stock is currently owned by company insiders.

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.