The Sage Group plc (LON:SGE) Receives GBX 1,173 Average Price Target from Analysts

The Sage Group plc (LON:SGE) has earned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 3,918 ($49.34).

Several equities research analysts have weighed in on the company. Citigroup increased their price target on The Sage Group from £135 ($170.00) to £145 ($182.60) and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. dropped their target price on The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target on The Sage Group from GBX 1,170 ($14.73) to GBX 1,350 ($17.00) and gave the company a “hold” rating in a report on Friday. Finally, Canaccord Genuity Group raised their price objective on shares of The Sage Group from GBX 970 ($12.22) to GBX 1,090 ($13.73) and gave the stock a “sell” rating in a research note on Friday.

The Sage Group Stock Up 1.0 %

Shares of SGE stock opened at GBX 1,277.63 ($16.09) on Friday. The Sage Group has a fifty-two week low of GBX 954.20 ($12.02) and a fifty-two week high of GBX 1,320 ($16.62). The firm has a market capitalization of £12.73 billion, a PE ratio of 4,946.15, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72. The stock’s 50-day simple moving average is GBX 1,035.08 and its 200-day simple moving average is GBX 1,052.24.

The Sage Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be given 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 of this dividend is Thursday, January 9th. This represents a dividend yield of 1.25%. The Sage Group’s payout ratio is presently 7,692.31%.

Insider Buying and Selling 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 ($15.99), for a total value of £889,000 ($1,119,506.36). 1.08% of the stock is currently owned by company insiders.

About The Sage Group

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.