Sage PLC (ADR) (OTC:SGPYY) Receives a Higher Rating From JP Morgan. What’s The Reasoning Behind This Move?

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Sage PLC (ADR) (OTC:SGPYY) Stock Upgrade

In a note distributed to Clients on Friday, 4 December, JP Morgan announced that they have decided to upgrade shares of Sage PLC (ADR) (OTC:SGPYY) stock from a Neutral to a Overweight.

It is down 14.53% since May 1, 2015 and is uptrending. It has outperformed by 17.31% the S&P500.

 Sage PLC (ADR) (OTC:SGPYY) Receives a Higher Rating From JP Morgan. What’s The Reasoning Behind This Move?

According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on SAGE GRP PLC UNSP AD (SGPYY).

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