Sage Group (SGPYY) Cut to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Sage Group (OTCMKTS:SGPYY) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
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. “
Several other brokerages also recently commented on SGPYY. UBS raised shares of Sage Group from a sell rating to a neutral rating in a research report on Wednesday, February 7th. JPMorgan Chase downgraded shares of Sage Group from an overweight rating to a neutral rating in a research report on Monday, April 16th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $42.00.
Sage Group Company Profile
The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.
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