Jefferies Financial Group Reiterates Buy Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGE)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 1,000 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 2.44% from the company’s previous close.

Several other research firms also recently weighed in on SGE. JPMorgan Chase & Co. lowered their price objective on shares of The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating on the stock in a report on Wednesday, June 24th. UBS Group reiterated a “buy” rating and set a GBX 1,025 price objective on shares of The Sage Group in a report on Monday, May 18th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,135 target price on shares of The Sage Group in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating on the stock in a report on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,072.86.

The Sage Group Trading Up 3.9%

LON SGE opened at GBX 976.20 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.62 and a debt-to-equity ratio of 919.09. The Sage Group has a 52 week low of GBX 771.66 and a 52 week high of GBX 1,335. The business has a 50 day moving average price of GBX 844.58 and a 200-day moving average price of GBX 870.90. The company has a market cap of £8.76 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 1.22 and a beta of 0.30.

The Sage Group (LON:SGE) last issued its earnings results on Friday, May 22nd. The company reported GBX 23.74 earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%.The company had revenue of GBX 136.30 billion for the quarter. As a group, equities analysts expect that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

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.