The Sage Group plc (OTCMKTS: SGPYY) receives an average recommendation of “hold” from brokerages

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Shares of The Sage Group plc (OTCMKTS:SGPYY – Get Rating) received an average rating of “Hold” from the ten analysts who cover the company, MarketBeat.com reports. One equity research analyst rated the stock a sell recommendation, three gave the company a hold recommendation and one gave the company a buy recommendation. The 12-month average price target among brokerages that have reported on the stock over the past year is $744.67.

A number of analysts have weighed in on the stock recently. Goldman Sachs upgraded shares of The Sage Group from a “sell” rating to a “neutral” rating in a Wednesday July 20 research note. UBS Group reduced its price target on shares of The Sage Group from GBX 835 ($10.09) to GBX 720 ($8.70) in a Thursday, May 26 research note. Barclays raised shares of The Sage Group from an “underweight” rating to an “equally weighted” rating in a Wednesday July 6 research note. Credit Suisse Group cut its price target on shares of The Sage Group from GBX 838 ($10.13) to GBX 733 ($8.86) in a Friday, May 27 research note. Finally, Morgan Stanley cut its price target on shares of The Sage Group from GBX 880 ($10.63) to GBX 835 ($10.09) in a Thursday, July 14 research note.

The price performance of the Sage Group

SGPYY stock opened at $34.35 on Wednesday. The company has a 50-day moving average of $34.00 and a two-hundred-day moving average of $34.41. The Sage Group has a 12-month low of $28.42 and a 12-month high of $47.89.

About Sage Group

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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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Analyst Recommendations for The Sage Group (OTCMKTS:SGPYY)

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