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

Shares of The Sage Group plc (LON:SGE) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 3,446.67 ($43.02).

Several brokerages have recently issued reports on SGE. Canaccord Genuity Group raised their target price on shares of The Sage Group from GBX 970 ($12.11) to GBX 1,090 ($13.60) and gave the stock a “sell” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Sage Group from GBX 1,170 ($14.60) to GBX 1,350 ($16.85) and gave the company a “hold” rating in a research report on Friday, November 22nd. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($13.60) target price on shares of The Sage Group in a report on Thursday, January 30th. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Citigroup reiterated a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th.

The Sage Group Trading Up 0.4 %

Shares of SGE stock opened at GBX 1,340.50 ($16.73) on Wednesday. The business has a 50-day moving average price of GBX 1,303.23 and a two-hundred day moving average price of GBX 1,125.97. The Sage Group has a 12-month low of GBX 954.20 ($11.91) and a 12-month high of GBX 1,348 ($16.82). The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The firm has a market cap of £13.36 billion, a P/E ratio of 5,155.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last issued its quarterly earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) EPS for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 22.31%. Equities analysts anticipate that The Sage Group will post 42.1496095 EPS for the current fiscal year.

The Sage Group Increases Dividend

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

Insider Activity

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.35), for a total transaction of £364,756.40 ($455,262.61). 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.