Sage Group PLC (OTCMKTS:SGPYY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Sage Group PLC (OTCMKTS:SGPYY) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms recently weighed in on SGPYY. Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sage Group in a report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Finally, Investec upgraded shares of Sage Group to a “buy” rating in a research note on Friday, October 9th.

Sage Group Trading Up 1.1%

SGPYY stock opened at $60.40 on Tuesday. Sage Group has a fifty-two week low of $41.80 and a fifty-two week high of $63.00. The business’s 50 day moving average price is $55.89 and its two-hundred day moving average price is $50.25.

About Sage Group

The Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and medium-sized businesses. Its solutions are designed to help organizations manage accounting, finance, payroll, human resources, enterprise operations and related administrative processes.

Sage’s product portfolio includes cloud-based accounting and financial-management applications, payroll and human-resources tools, enterprise-management software, and payment-related services.