The Sage Group (LON:SGE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

The Sage Group plc (LON:SGE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 874.21 and traded as high as GBX 1,112. The Sage Group shares last traded at GBX 1,104.50, with a volume of 514,175,906 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on SGE. JPMorgan Chase & Co. dropped their price target on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. UBS Group reissued a “buy” rating and issued a GBX 1,025 price target on shares of The Sage Group in a research note on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of The Sage Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, Citigroup upped their price target on The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, The Sage Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,094.29.

The Sage Group Price Performance

The company has a market capitalization of £9.88 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.32. The company has a debt-to-equity ratio of 919.09, a current ratio of 0.62 and a quick ratio of 0.58. The stock’s 50 day simple moving average is GBX 920.33 and its 200-day simple moving average is GBX 875.80.

About The Sage Group

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.