Sage Group Unspon (NASDAQ:SGPYY) Raised to Hold at Zacks Investment Research
Sage Group Unspon (NASDAQ:SGPYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “The Sage Group plc supplies business management software, services and support to small and medium sized businesses. The Company’s products includes accounting, payroll, customer relationship management, financial forecasting, payment processing, job costing, human resources, business intelligence, taxation and other products for accountants, business stationery, development platforms, e-business and enterprise resource planning. Sage Group’s products find its application in the healthcare, human resource and payroll, construction/real estate, transport/distribution, payment processing, accountancy, manufacturing, retail, and automotive distribution industries. The products offered by the Company are majorly developed and supported locally. The Sage Group plc is headquartered in Newcastle upon Tyne, the United Kingdom. “
Several other brokerages also recently issued reports on SGPYY. Credit Suisse Group raised Sage Group Unspon from an “underperform” rating to a “neutral” rating in a research report on Wednesday, July 26th. Liberum Capital began coverage on Sage Group Unspon in a research report on Thursday, June 1st. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.00.
Shares of Sage Group Unspon (NASDAQ:SGPYY) opened at 36.60 on Tuesday. The stock has a market cap of $9.87 billion and a price-to-earnings ratio of 30.91. The company has a 50-day moving average price of $35.77 and a 200-day moving average price of $33.97. Sage Group Unspon has a 12 month low of $30.43 and a 12 month high of $39.61.
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