Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $45.84 and traded as low as $45.00. Sage Group shares last traded at $45.41, with a volume of 48,107 shares.
Analysts Set New Price Targets
Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.
Read Our Latest Analysis on SGPYY
Sage Group Stock Down 0.4%
Sage Group Company Profile
Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.
The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.
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