SAGE GRP PLC/GDR (SGPYY) Stock Rating Lowered by Zacks Investment Research

SAGE GRP PLC/GDR (OTCMKTS:SGPYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday, 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, Citigroup downgraded shares of SAGE GRP PLC/GDR from a “buy” rating to a “neutral” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $42.00.

Shares of OTCMKTS:SGPYY opened at $39.03 on Thursday. The company has a market capitalization of $10.52 billion, a P/E ratio of 26.02 and a beta of 0.91. SAGE GRP PLC/GDR has a 52 week low of $27.04 and a 52 week high of $39.64.

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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