The Sage Group’s (SGE) Buy Rating Reaffirmed at Shore Capital

The Sage Group (LON:SGE)‘s stock had its “buy” rating reissued by Shore Capital in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued research reports about the stock. UBS Group reissued a “sell” rating on shares of The Sage Group in a research report on Friday, May 10th. Jefferies Financial Group reissued a “buy” rating and set a GBX 825 ($10.78) target price on shares of The Sage Group in a research report on Tuesday, May 7th. Barclays increased their target price on shares of The Sage Group from GBX 495 ($6.47) to GBX 550 ($7.19) and gave the company an “underweight” rating in a research report on Friday, April 12th. Bryan, Garnier & Co decreased their target price on shares of The Sage Group from GBX 850 ($11.11) to GBX 630 ($8.23) and set a “buy” rating for the company in a research report on Thursday, January 17th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of The Sage Group in a research report on Monday, January 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The Sage Group has an average rating of “Hold” and an average price target of GBX 610.91 ($7.98).

LON:SGE opened at GBX 746.80 ($9.76) on Friday. The Sage Group has a 52 week low of GBX 491.30 ($6.42) and a 52 week high of GBX 750.40 ($9.81). The company has a debt-to-equity ratio of 69.41, a current ratio of 0.85 and a quick ratio of 0.67. The company has a market cap of $8.11 billion and a P/E ratio of 27.56.

In related news, insider Steve Hare purchased 4,468 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of GBX 675 ($8.82) per share, with a total value of £30,159 ($39,408.08). Also, insider D. Blair Crump sold 11,026 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of GBX 668 ($8.73), for a total transaction of £73,653.68 ($96,241.58).

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.

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Analyst Recommendations for The Sage Group (LON:SGE)

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