SAGE GRP PLC/GDR (OTCMKTS:SGPYY) Rating Lowered to Sell at Zacks Investment Research

SAGE GRP PLC/GDR (OTCMKTS:SGPYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “The Sage Group plc supplies business management software, services and support to small and medium sized businesses. The Company’s products includes accounting, payroll, customer relationship management, financial forecasting, payment processing, job costing, human resources, business intelligence, taxation and other products for accountants, business stationery, development platforms, e-business and enterprise resource planning. Sage Group’s products find its application in the healthcare, human resource and payroll, construction/real estate, transport/distribution, payment processing, accountancy, manufacturing, retail, and automotive distribution industries. The products offered by the Company are majorly developed and supported locally. The Sage Group plc is headquartered in Newcastle upon Tyne, the United Kingdom. “

Separately, Canaccord Genuity initiated coverage on SAGE GRP PLC/GDR in a report on Wednesday, December 18th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.00.

OTCMKTS SGPYY opened at $28.29 on Tuesday. SAGE GRP PLC/GDR has a one year low of $24.61 and a one year high of $41.92. The stock has a 50-day moving average of $35.76 and a 200 day moving average of $37.09. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 20.35 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.71 and a current ratio of 0.71.

About SAGE GRP PLC/GDR

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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