UBS Group Reaffirms Sell Rating for The Sage Group (LON:SGE)

UBS Group restated their sell rating on shares of The Sage Group (LON:SGE) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.

SGE has been the topic of several other reports. Numis Securities restated a buy rating and set a GBX 340 ($4.44) target price on shares of BT Group in a report on Monday, May 20th. Barclays restated an underweight rating and set a GBX 600 ($7.84) target price on shares of in a report on Monday, July 8th. Shore Capital restated a buy rating on shares of The Sage Group in a report on Friday, May 17th. Jefferies Financial Group restated a hold rating and set a $75.00 target price on shares of Bayerische Motoren Werke in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. set a $90.00 target price on Duke Energy and gave the stock a hold rating in a report on Monday, May 20th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 645.50 ($8.43).

Shares of The Sage Group stock opened at GBX 803.40 ($10.50) on Friday. The firm has a market cap of $8.73 billion and a PE ratio of 27.99. The business’s 50 day moving average is GBX 786.44. The Sage Group has a 1-year low of GBX 491.30 ($6.42) and a 1-year high of GBX 826 ($10.79). The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 55.89.

In other news, insider Cath Keers purchased 40,976 shares of The Sage Group stock in a transaction dated Tuesday, June 25th. The shares were purchased at an average price of GBX 517 ($6.76) per share, with a total value of £211,845.92 ($276,814.22). Also, insider Annette Court purchased 1,350 shares of The Sage Group stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of GBX 746 ($9.75) per share, for a total transaction of £10,071 ($13,159.55).

About The Sage Group

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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Analyst Recommendations for The Sage Group (LON:SGE)

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