The Sage Group (SGE) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for The Sage Group (LON: SGE):

• 12/4/2024 – The Sage Group had its “hold” rating reaffirmed by analysts at Shore Capital.
• 11/22/2024 – The Sage Group had its price target raised by analysts at Canaccord Genuity Group Inc. from GBX 970 ($12.30) to GBX 1,090 ($13.82). They now have a “sell” rating on the stock.
• 11/22/2024 – The Sage Group had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from GBX 1,170 ($14.83) to GBX 1,350 ($17.11). They now have a “hold” rating on the stock.
• 11/22/2024 – The Sage Group had its price target raised by analysts at Citigroup Inc. from £135 ($171.12) to £145 ($183.80). They now have a “buy” rating on the stock.

The Sage Group Price Performance

SGE stock opened at GBX 1,306.50 ($16.56) on Friday. The business has a 50 day simple moving average of GBX 1,109.17 and a 200-day simple moving average of GBX 1,064.82. The company has a market capitalization of £13.02 billion, a P/E ratio of 5,025.00, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group plc has a twelve month low of GBX 954.20 ($12.10) and a twelve month high of GBX 1,321 ($16.74). 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 Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, January 9th. This is an increase from The Sage Group’s previous dividend of $6.95. This represents a yield of 1.25%. The Sage Group’s dividend payout ratio is currently 7,692.31%.

Insiders Place Their Bets

In other news, insider Jonathan Howell sold 70,000 shares of The Sage Group stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($16.10), for a total value of £889,000 ($1,126,885.54). 1.08% of the stock is owned by insiders.

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.