The Sage Group (LON:SGE) Sets New 12-Month High – What’s Next?

The Sage Group plc (LON:SGE)’s stock price hit a new 52-week high during trading on Thursday. The stock traded as high as GBX 1,201.27 and last traded at GBX 1,196.50, with a volume of 4,623,446 shares changing hands. The stock had previously closed at GBX 1,189.

Analyst Ratings Changes

Several research analysts have recently weighed in on SGE shares. Canaccord Genuity Group raised shares of The Sage Group to a “hold” rating and upped their price target for the stock from GBX 1,135 to GBX 1,230 in a report on Monday, October 26th. Deutsche Bank Aktiengesellschaft lifted 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. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 target price on shares of The Sage Group in a research report on Wednesday, July 29th. Finally, Citigroup upped their target price on The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, The Sage Group has an average rating of “Moderate Buy” and an average price target of GBX 1,107.86.

The Sage Group Trading Up 1.3%

The firm has a market cap of £10.85 billion, a P/E ratio of 30.35, a PEG ratio of 1.22 and a beta of 0.35. 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 stock has a 50 day moving average of GBX 1,065 and a 200 day moving average of GBX 929.93.

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.