The Sage Group plc (LON:SGE - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,086.26 ($14.22) and traded as low as GBX 997.73 ($13.06). The Sage Group shares last traded at GBX 1,001.50 ($13.11), with a volume of 868,198 shares trading hands.
Wall Street Analysts Forecast Growth
SGE has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of The Sage Group from GBX 1,300 ($17.01) to GBX 1,250 ($16.36) and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,400 ($18.32) price objective on shares of The Sage Group in a research report on Thursday, June 27th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 615 ($8.05) target price on shares of The Sage Group in a research note on Monday, July 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,173 ($15.35).
View Our Latest Report on The Sage Group
The Sage Group Stock Up 0.2 %
The company has a market cap of £10.01 billion, a PE ratio of 3,859.62, a PEG ratio of 1.25 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The company's fifty day moving average is GBX 1,016.87 and its 200-day moving average is GBX 1,084.42.
About The Sage Group
(
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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.
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