Barclays restated their underweight rating on shares of The Sage Group (LON:SGE) in a research report released on Friday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts also recently issued reports on SGE. Credit Suisse Group increased their price objective on The Sage Group from GBX 500 ($6.15) to GBX 538 ($6.62) and gave the stock an underperform rating in a research note on Thursday, May 14th. Jefferies Financial Group reduced their price objective on The Sage Group from GBX 815 ($10.03) to GBX 800 ($9.84) and set a buy rating for the company in a research note on Thursday, March 26th. Canaccord Genuity lowered The Sage Group to a hold rating and set a GBX 710 ($8.74) target price on the stock. in a research report on Thursday, May 14th. Deutsche Bank dropped their target price on The Sage Group from GBX 725 ($8.92) to GBX 580 ($7.14) and set a sell rating on the stock in a research report on Monday, May 11th. Finally, Citigroup lowered The Sage Group to a neutral rating in a research report on Monday, April 27th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 613.30 ($7.55).

Shares of The Sage Group stock opened at GBX 663.40 ($8.16) on Friday. The stock has a 50-day moving average price of GBX 675.89 and a 200 day moving average price of GBX 679.55. The company has a market cap of $7.30 billion and a P/E ratio of 21.50. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 70.81. The Sage Group has a 1 year low of GBX 7.32 ($0.09) and a 1 year high of GBX 823 ($10.13).

The Sage Group Company Profile

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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