The Sage Group (LON:SGE) Share Price Crosses Above 200-Day Moving Average – Here’s Why

The Sage Group plc (LON:SGE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,107.95 ($13.66) and traded as high as GBX 1,323.50 ($16.32). The Sage Group shares last traded at GBX 1,318.11 ($16.25), with a volume of 3,586,062 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on The Sage Group from GBX 1,170 ($14.43) to GBX 1,350 ($16.65) and gave the company a “hold” rating in a research note on Friday, November 22nd. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research report on Wednesday, December 4th. Canaccord Genuity Group boosted their target price on shares of The Sage Group from GBX 970 ($11.96) to GBX 1,090 ($13.44) and gave the stock a “sell” rating in a research report on Friday, November 22nd. Finally, Citigroup restated a “buy” rating on shares of The Sage Group in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, The Sage Group has an average rating of “Hold” and an average price target of GBX 3,918 ($48.31).

The Sage Group Stock Performance

The company has a market capitalization of £13.13 billion, a price-to-earnings ratio of 5,069.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. 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 stock has a 50-day simple moving average of GBX 1,256.70 and a 200-day simple moving average of GBX 1,107.95.

The Sage Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. The ex-dividend date of this dividend 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 is currently 7,692.31%.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.15), for a total transaction of £364,756.40 ($449,761.28). 1.08% of the stock is owned by company insiders.

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.