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13 Apr 2010
Analysts have upgraded their buying recommendation for shares of accounting software giant Sage from "hold" to "buy" .
Citigroup analysts said Sage stock was undervalued and speculated whether the company would sell its US arm.
The company put on 6.8 to 257p on the back of the news, a rise of 2.4%.
"Sage has been de-rated as it is widely viewed as ex-growth. We disagree with this assessment," Citigroup analysts said.
"We think inflated US healthcare software valuations offer an opportunity for disposal."
Further reading: Sage warns of VAT change complications
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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