The Sage Group plc (OTCMKTS:SGPYY) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $49.00.
SGPYY has been the topic of several research analyst reports. Barclays reissued an “underweight” rating on shares of The Sage Group in a research note on Tuesday, October 12th. The Goldman Sachs Group lowered The Sage Group from a “neutral” rating to a “sell” rating in a research note on Monday, September 27th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of The Sage Group in a research note on Thursday, November 18th. Stifel Nicolaus lowered The Sage Group from a “buy” rating to a “hold” rating in a research note on Friday, September 3rd. Finally, Zacks Investment Research raised The Sage Group from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday.
SGPYY traded down $0.80 during trading on Thursday, reaching $41.90. The company’s stock had a trading volume of 10,006 shares, compared to its average volume of 17,725. The Sage Group has a 52-week low of $30.44 and a 52-week high of $44.09. The company’s fifty day moving average price is $40.70 and its 200-day moving average price is $39.93.
The Sage Group Plc engages in the provision of business management solutions. It offers accounting, enterprise resource planning and payroll software. It operates through the following business segments: Northern Europe, Central and Southern Europe, North America, and North America. The company was founded by David Goldman, Paul Muller, and Graham Wylie in 1981 and is headquartered in Newcastle-upon-Tyne, the United Kingdom.
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