The Sage Group (LON:SGE) Shares Pass Above 200-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

The Sage Group plc (LON:SGE – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 901.65 and traded as high as GBX 1,031.50. The Sage Group shares last traded at GBX 1,008.50, with a volume of 5,252,358 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on SGE shares. JPMorgan Chase & Co. reduced their price target on The Sage Group from GBX 1,100 to GBX 1,000 and set an “overweight” rating for the company in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft upped their price objective on The Sage Group from GBX 900 to GBX 1,050 and gave the stock a “hold” rating in a report on Thursday, July 30th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a report on Wednesday, July 29th. Citigroup boosted their target price on shares of The Sage Group from GBX 1,050 to GBX 1,150 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,000 price target on shares of The Sage Group in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Sage Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,094.29.

View Our Latest Report on SGE

The Sage Group Trading Down 2.5%

The firm has a market cap of £9.06 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.22 and a beta of 0.33. The business has a fifty day moving average of GBX 992.43 and a two-hundred day moving average of GBX 901.65. The company has a debt-to-equity ratio of 919.09, a quick ratio of 0.58 and a current ratio of 0.62.

About The Sage Group

(Get Free Report)

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.

Further Reading