Sage Group (OTCMKTS:SGPYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm presently has a $42.00 target price on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.96% from the company’s current price.
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, UBS upgraded shares of Sage Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $42.00.
Shares of Sage Group stock opened at $37.18 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $10,070.28, a P/E ratio of 24.30 and a beta of 1.06. Sage Group has a 1 year low of $31.50 and a 1 year high of $47.12.
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Sage Group Company Profile
The Sage Group plc engages in the development and distribution of business management software and related products and services for small and medium sized businesses. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments.
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