Sage Group's Neutral Rating Downgrade

The Sage Group is a provider of technology solutions and services for small and medium-sized businesses worldwide. Its cloud-native solutions include financial management software, HR and people management solutions, business management solutions, accounting solutions, payroll, and record management for small and mid-sized businesses. Recently, the company received a “neutral” rating from BNP Paribas, with several other analysts weighing in on the company’s shares. MarketBeat.com indicates that The Sage Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 777 ($9.47), with four equities research analysts rating the stock as a hold and four rating it as a buy. Insider Roisin Donnelly acquired 10,000 shares of The Sage Group stock in a transaction that occurred on February 8th, and insiders currently own 0.69% of the stock.

The Sage Group, a LON-listed company (LON:SGE – Get Rating), received a “neutral” rating from BNP Paribas in a research note released on Friday, according to Marketbeat. The company’s equities were downgraded by BNP Paribas equities research analysts, with other analysts weighing in on the company’s shares recently. Shore Capital reasserted a “buy” rating on The Sage Group shares in a research report on December 2nd, while Deutsche Bank Aktiengesellschaft upgraded the shares to a “hold” rating and raised their price objective for the company from GBX 590 ($7.19) to GBX 800 ($9.75) on November 23rd. On Thursday, November 17th, Barclays reaffirmed an “equal weight” rating and set a GBX 720 ($8.78) price target on the shares, while Numis Securities reduced shares of The Sage Group to an “add” rating and decreased their price target for the stock from GBX 965 ($11.76) to GBX 880 ($10.73) in a research report released on Tuesday, January 24th. MarketBeat.com indicates that The Sage Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 777 ($9.47), with four equities research analysts rating the stock as a hold, and four as a buy.

The Sage Group logo

On Friday, SGE opened at GBX 733.60 ($8.94). The company has a current ratio of 0.67, a quick ratio of 0.58, and a debt-to-equity ratio of 87.47. The stock has a market capitalization of £7.48 billion, a PE ratio of 2,934.40, a PEG ratio of 1.79, and a beta of 0.55. The Sage Group’s 1-year low is GBX 587.20 ($7.16), while its 1-year high is GBX 823 ($10.03). The company has a 50-day moving average price of GBX 764.80 and a two-hundred day moving average price of GBX 750.10.

Analyst Recommendations for The Sage Group (LON:SGE)

In other news, on Wednesday, February 8th, insider Roisin Donnelly purchased 10,000 shares of The Sage Group stock at an average price of GBX 783 ($9.54) per share, with a total value of £78,300 ($95,429.62). Insiders own 0.69% of the stock.

The Sage Group provides business management software and services for small and medium-sized enterprises.

The Sage Group plc, with its subsidiaries, provides technology solutions and services for small and medium-sized businesses in North America, Northern Europe, and globally. It offers cloud-native solutions like Sage Intacct, a cloud accounting software, and financial management software; Sage People, an 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 to manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.