Citigroup Reaffirms “Buy” Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGE)‘s stock had its “buy” rating reiterated by analysts at Citigroup in a research note issued to investors on Tuesday,Digital Look reports.

Several other analysts have also recently issued reports on SGE. Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 1,170 ($14.64) to GBX 1,350 ($16.89) and gave the stock a “hold” rating in a research note on Friday, November 22nd. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Finally, Canaccord Genuity Group raised their price objective on shares of The Sage Group from GBX 970 ($12.14) to GBX 1,090 ($13.64) and gave the company a “sell” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, The Sage Group has an average rating of “Hold” and a consensus target price of GBX 3,918 ($49.02).

The Sage Group Price Performance

LON SGE traded up GBX 9 ($0.11) on Tuesday, reaching GBX 1,300 ($16.26). 180,676,703 shares of the company’s stock traded hands, compared to its average volume of 46,722,605. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The Sage Group has a 12 month low of GBX 954.20 ($11.94) and a 12 month high of GBX 1,328.50 ($16.62). The stock has a 50-day simple moving average of GBX 1,197.18 and a 200 day simple moving average of GBX 1,091.98. The stock has a market cap of £12.95 billion, a PE ratio of 5,000.00, a P/E/G ratio of 1.22 and a beta of 0.53.

Insider Buying and Selling at The Sage Group

In related news, insider Jonathan Howell sold 27,844 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.39), for a total transaction of £364,756.40 ($456,344.80). Insiders own 1.08% of the company’s stock.

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.