Canaccord Genuity Group Reiterates “Buy” Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGE)‘s stock had its “buy” rating reissued by Canaccord Genuity Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 1,135 target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 12.71% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on The Sage Group from GBX 1,000 to GBX 900 and set a “hold” rating on the stock in a research note on Tuesday, May 26th. UBS Group reiterated a “buy” rating and issued a GBX 1,025 target price on shares of The Sage Group in a report on Monday, May 18th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 price objective on shares of The Sage Group in a research report on Wednesday. Finally, JPMorgan Chase & Co. reduced 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 research report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,072.86.

The Sage Group Price Performance

Shares of LON:SGE traded up GBX 67.20 on Wednesday, reaching GBX 1,007. The company’s stock had a trading volume of 12,925,148 shares, compared to its average volume of 44,677,336. The company has a 50-day simple moving average of GBX 844.58 and a 200 day simple moving average of GBX 870.90. The Sage Group has a 52-week low of GBX 771.66 and a 52-week high of GBX 1,335. The company has a debt-to-equity ratio of 919.09, a quick ratio of 0.58 and a current ratio of 0.62. The company has a market cap of £9.04 billion, a P/E ratio of 25.36, a PEG ratio of 1.22 and a beta of 0.30.

The Sage Group (LON:SGE) last announced 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 net margin of 14.62% and a return on equity of 81.91%. The firm had revenue of GBX 136.30 billion for the quarter. As a group, equities research analysts anticipate that The Sage Group will post 42.1496095 EPS for the current fiscal 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.