The Sage Group (LON:SGE) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

The Sage Group (LON:SGE) had its target price upped by equities researchers at Canaccord Genuity Group from GBX 970 ($12.16) to GBX 1,090 ($13.66) in a report released on Friday, Marketbeat reports. The brokerage currently has a “sell” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential downside of 15.24% from the stock’s previous close.

Several other research firms also recently commented on SGE. JPMorgan Chase & Co. lowered their target price on shares of The Sage Group from GBX 1,300 ($16.30) to GBX 1,250 ($15.67) and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Citigroup lifted their price target on shares of The Sage Group from £135 ($169.24) to £145 ($181.77) and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 3,918 ($49.12).

The Sage Group Stock Up 1.6 %

LON SGE opened at GBX 1,286 ($16.12) on Friday. The Sage Group has a 12 month low of GBX 954.20 ($11.96) and a 12 month high of GBX 1,320 ($16.55). The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The stock has a market cap of £12.81 billion, a PE ratio of 4,946.15, a P/E/G ratio of 1.22 and a beta of 0.53. The stock’s 50 day moving average is GBX 1,035.08 and its 200 day moving average is GBX 1,052.99.

Insider Buying and Selling at The Sage Group

In other news, insider Jonathan Howell sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.92), for a total transaction of £889,000 ($1,114,454.06). 1.08% of the stock is owned by company insiders.

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.