The Sage Group (LON:SGE) Shares Cross Below 200-Day Moving Average of $1,122.64

The Sage Group plc (LON:SGE)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,122.64 ($14.76) and traded as low as GBX 1,004.57 ($13.21). The Sage Group shares last traded at GBX 1,020.50 ($13.42), with a volume of 1,445,929 shares traded.

Analyst Ratings Changes

SGE has been the subject of a number of analyst reports. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research report on Thursday, May 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,400 ($18.41) target price on shares of The Sage Group in a research report on Thursday, June 27th. JPMorgan Chase & Co. lowered their price target on The Sage Group from GBX 1,300 ($17.09) to GBX 1,250 ($16.44) and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 615 ($8.09) price objective on shares of The Sage Group in a research note on Monday, July 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,173 ($15.42).

The Sage Group Stock Down 2.5 %

The firm has a market cap of £9.88 billion, a price-to-earnings ratio of 3,805.38, a PEG ratio of 1.20 and a beta of 0.54. The business’s 50-day moving average is GBX 1,043.61 and its 200-day moving average is GBX 1,121.64. The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72.

Insiders Place Their Bets

In other news, insider Annette Court bought 950 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was bought at an average price of GBX 1,065 ($14.00) per share, for a total transaction of £10,117.50 ($13,303.75). Insiders own 0.66% of the company’s stock.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.