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

The Sage Group plc (LON:SGE) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com 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 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 3,918 ($47.84).

SGE has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of The Sage Group in a report on Tuesday. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Sage Group from GBX 1,170 ($14.29) to GBX 1,350 ($16.48) and gave the stock a “hold” rating in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group boosted their price objective on shares of The Sage Group from GBX 970 ($11.84) to GBX 1,090 ($13.31) and gave the company a “sell” rating in a research report on Friday, November 22nd.

The Sage Group Stock Performance

LON:SGE opened at GBX 1,285.67 ($15.70) on Friday. 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 fifty day moving average is GBX 1,219.68 and its 200 day moving average is GBX 1,098.39. The firm has a market capitalization of £12.81 billion, a PE ratio of 4,944.90, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a fifty-two week low of GBX 954.20 ($11.65) and a fifty-two week high of GBX 1,328.50 ($16.22).

The Sage Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be paid a GBX 13.50 ($0.16) dividend. The ex-dividend date is Thursday, January 9th. This is a boost from The Sage Group’s previous dividend of $6.95. This represents a yield of 1.25%. The Sage Group’s dividend payout ratio (DPR) is 7,692.31%.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.00), for a total transaction of £364,756.40 ($445,368.01). Corporate insiders own 1.08% of the company’s stock.

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.