Sage Group Unspon (NASDAQ:SGPYY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Sage Group Unspon (NASDAQ:SGPYY) from a sell rating to a hold rating in a report released on Wednesday, August 30th.

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 have also recently commented on SGPYY. Liberum Capital began coverage on Sage Group Unspon in a research report on Thursday, June 1st. They issued a buy rating for the company. Credit Suisse Group upgraded Sage Group Unspon from an underperform rating to a neutral rating in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $41.00.

Sage Group Unspon (SGPYY) opened at 38.77 on Wednesday. The firm’s 50-day moving average is $36.45 and its 200 day moving average is $35.03. Sage Group Unspon has a 12 month low of $30.43 and a 12 month high of $38.95. The stock has a market capitalization of $10.46 billion and a P/E ratio of 32.86.

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