SAGE GRP PLC/GDR (OTCMKTS:SGPYY) Earns Sell Rating from UBS Group
UBS Group reaffirmed their sell rating on shares of SAGE GRP PLC/GDR (OTCMKTS:SGPYY) in a report issued on Monday morning, The Fly reports.
SGPYY has been the subject of several other research reports. Deutsche Bank reissued a sell rating on shares of SAGE GRP PLC/GDR in a research note on Friday, July 24th. Zacks Investment Research raised shares of SAGE GRP PLC/GDR from a hold rating to a buy rating and set a $38.00 target price for the company in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. downgraded shares of SAGE GRP PLC/GDR from a neutral rating to an underweight rating in a research note on Monday, July 27th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $38.00.
OTCMKTS:SGPYY opened at $38.00 on Monday. The company has a market capitalization of $10.65 billion, a PE ratio of 27.33 and a beta of 1.00. SAGE GRP PLC/GDR has a 52-week low of $24.61 and a 52-week high of $41.69. The stock has a fifty day simple moving average of $39.15 and a 200-day simple moving average of $34.36.
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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