The Sage Group plc (OTCMKTS:SGPYY – Get Rating) saw a sharp drop in short-term interest rates in March. As of March 31, there was short interest totaling 3,200 shares, down 27.3% from the March 15 total of 4,400 shares. Based on an average daily trading volume of 42,100 shares, the day-to-cover ratio is currently 0.1 day.
Several equity analysts have recently released reports on SGPYY shares. Deutsche Bank Aktiengesellschaft raised its price target on The Sage Group from GBX 570 ($7.43) to GBX 590 ($7.69) and gave the stock a “sell” rating in a Friday 28 research report january. Redburn Partners upgraded The Sage Group from a “neutral” rating to a “buy” rating in a Monday, January 24 research report. Barclays raised its price target on the Sage Group from GBX 720 ($9.38) to GBX 730 ($9.51) in a research report on Wednesday. Morgan Stanley cut its price target on The Sage Group from GBX 970 ($12.64) to GBX 880 ($11.47) in a Tuesday, March 1 research report. Finally, Credit Suisse Group began covering The Sage Group in a research report on Thursday, March 31. They gave the company an “outperform” rating. Four equity research analysts gave the stock a sell rating, five gave the company a hold rating and three gave the company a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $628.00.
OTCMKTS SGPYY fell $0.36 during Friday’s trading, hitting $37.92. The stock had trading volume of 11,203 shares, compared to an average volume of 20,861. The company’s 50-day moving average price is $36.86 and its two-hundred-day moving average price is 40. $.25. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt ratio of 0.67. The Sage Group has a 12-month low of $33.41 and a 12-month high of $47.89.
Sage Group Company Profile (Get an evaluation)
The Sage Group plc, together with its subsidiaries, provides technology solutions and services to small and medium-sized businesses in North America, Northern Europe and internationally. It offers cloud-native solutions, such as Sage Intacct, cloud accounting software and financial management solutions; Sage People, a cloud-based human resources and people management solution; Sage Accounting, a solution for small businesses, bookkeepers and bookkeepers to remotely manage customer data, accounts and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a human resource management solution.
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