The Sage Group plc (LON:SGE) Receives Average Rating of “Hold” from Brokerages

The Sage Group plc (LON:SGE) has earned a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 3,918 ($49.73).

A number of research firms have issued reports on SGE. Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 1,170 ($14.85) to GBX 1,350 ($17.14) and gave the company a “hold” rating in a research note on Friday, November 22nd. Canaccord Genuity Group lifted their price objective on shares of The Sage Group from GBX 970 ($12.31) to GBX 1,090 ($13.84) and gave the company a “sell” rating in a research report on Friday, November 22nd. Finally, Citigroup boosted their target price on shares of The Sage Group from £135 ($171.36) to £145 ($184.06) and gave the company a “buy” rating in a research note on Friday, November 22nd.

The Sage Group Trading Down 0.2 %

Shares of LON SGE opened at GBX 1,304.90 ($16.56) on Friday. The company has a market cap of £13.00 billion, a price-to-earnings ratio of 5,030.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The stock’s 50 day simple moving average is GBX 1,058.17 and its 200 day simple moving average is GBX 1,056.67. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The Sage Group has a 12-month low of GBX 954.20 ($12.11) and a 12-month high of GBX 1,321 ($16.77).

The Sage Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 13.50 ($0.17) per share. This is a boost from The Sage Group’s previous dividend of $6.95. The ex-dividend date is Thursday, January 9th. This represents a yield of 1.25%. The Sage Group’s dividend payout ratio (DPR) is presently 7,692.31%.

Insider Transactions at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($16.12), for a total value of £889,000 ($1,128,459.00). Company insiders own 1.08% of the company’s stock.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.