The Sage Group (OTCMKTS: SGPYY) demoted by Zacks Investment Research to keep
The Sage Group (OTCMKTS: SGPYY) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a report released Friday, Zacks.com reports.
According to Zacks, “The Sage Group plc provides business management software, services and support to small and medium-sized businesses. The company’s products include accounting, payroll, customer relationship management, financial forecasting, payment processing, labor cost assessment, human resources, business intelligence. , taxation and other products for accountants, commercial stationery, development platforms, e-business and integrated management software. , automotive manufacturing, retailing and distribution. The products offered by the company are mainly developed and supported locally. Sage Group plc is headquartered in Newcastle upon Tyne, UK. “
SGPYY has been the subject of several other reports. Morgan Stanley reiterated an “equal weight” rating on shares of The Sage Group in a research report on Wednesday, July 14. downgraded The Sage Group’s shares from a “neutral” rating to a “buy” rating in a research note on Thursday, April 8. Citigroup reissued a “buy” note on shares of The Sage Group in a research note on Thursday, April 8. Canaccord Genuity downgraded The Sage Group shares from a “buy” rating to a “keep” rating in a research note on Friday, July 30. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on The Sage Group shares in a research note on Friday, July 30. Three research analysts rated the stock with a sell rating, six assigned a conservation rating, and three assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $ 45.
SGPYY opened at $ 40.95 on Friday. The Sage group has a one-year low at $ 30.44 and a one-year high at $ 41.06. The company has a market cap of $ 10.86 billion, a P / E ratio of 29.04 and a beta of 0.90. The stock has a 50-day simple moving average of $ 38.92.
The Sage Group Company Profile
The Sage Group plc, together with its subsidiaries, provides technology solutions and services to small and medium-sized businesses in North America, Northern Europe, Central and Southern Europe and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud financial management platform; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts and people; Sage Payroll, a payroll and HR software; and CakeHR, a human resource management solution that enables small businesses to manage workforce with tools that include reports, organization chart, payslip and time off request.
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