Shares of The Sage Group plc (LON:SGE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $671.25 and traded as high as $729.00. The Sage Group shares last traded at $721.80, with a volume of 1,967,231 shares changing hands.
Several analysts recently commented on the company. Deutsche Bank upped their target price on The Sage Group from GBX 580 ($7.58) to GBX 650 ($8.49) and gave the company a “sell” rating in a report on Friday, July 24th. Morgan Stanley reiterated an “underweight” rating on shares of The Sage Group in a report on Monday, July 20th. JPMorgan Chase & Co. cut The Sage Group to an “underweight” rating in a report on Monday, July 27th. Credit Suisse Group upped their target price on The Sage Group from GBX 538 ($7.03) to GBX 640 ($8.36) and gave the company an “underperform” rating in a report on Monday, July 27th. Finally, Goldman Sachs Group upped their target price on The Sage Group from GBX 525 ($6.86) to GBX 600 ($7.84) and gave the company a “sell” rating in a report on Friday, July 24th. Eight analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Sell” and an average price target of GBX 637 ($8.32).
The company has a market capitalization of $7.94 billion and a price-to-earnings ratio of 23.75. The business has a 50-day moving average price of GBX 737.93 and a two-hundred day moving average price of GBX 670.73. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 70.81.
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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