The Sage Group (LON:SGE) Price Target Raised to GBX 1,150

The Sage Group (LON:SGE) had its target price hoisted by Citigroup from GBX 1,050 to GBX 1,150 in a report released on Thursday,Digital Look reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on SGE. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a research report on Wednesday. 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. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Finally, 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. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,094.29.

The Sage Group Price Performance

SGE stock opened at GBX 973.20 on Thursday. The Sage Group has a 52-week low of GBX 771.66 and a 52-week high of GBX 1,234. 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 stock has a market cap of £8.73 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 1.22 and a beta of 0.30. The business has a fifty day moving average of GBX 850 and a two-hundred day moving average of GBX 870.36.

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

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.