Sage Group (OTCMKTS:SGPYY) Upgraded by Zacks Research to Strong-Buy Rating

Sage Group (OTCMKTS:SGPYY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group upgraded shares of Sage Group from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. UBS Group raised Sage Group from a “hold” rating to a “buy” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Sage Group currently has a consensus rating of “Buy”.

Sage Group Stock Performance

Shares of SGPYY stock opened at $52.93 on Wednesday. Sage Group has a 12 month low of $52.03 and a 12 month high of $69.79. The company’s fifty day simple moving average is $57.17 and its 200-day simple moving average is $59.60. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.64 and a quick ratio of 0.64.

About Sage Group

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.