The Sage Group plc (LON:SGE) Stock Has Consensus Price Target of GBX 1,094.29 According to Analysts

The Sage Group plc (LON:SGE) has earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 1,094.29.

A number of research analysts have commented on the stock. Citigroup lifted their price objective on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the company a “buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 target price on shares of The Sage Group in a research note on Wednesday, July 29th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,135 price target on shares of The Sage Group in a report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on The Sage Group from GBX 900 to GBX 1,050 and gave the company a “hold” rating in a research note on Thursday, July 30th.

The Sage Group Stock Down 0.6%

Shares of LON:SGE opened at GBX 965.54 on Monday. The stock has a market cap of £8.68 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.22 and a beta of 0.33. The firm has a fifty day moving average price of GBX 1,017.05 and a 200 day moving average price of GBX 911.05. 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 Sage Group has a 1-year low of GBX 771.66 and a 1-year high of GBX 1,181.

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.