The Sage Group (LON:SGE) Shares Pass Above 200 Day Moving Average – What’s Next?

The Sage Group plc (LON:SGE)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,177.07 ($15.30) and traded as high as GBX 1,196.50 ($15.56). The Sage Group shares last traded at GBX 1,173 ($15.25), with a volume of 390,530,250 shares trading hands.

Wall Street Analyst Weigh In

SGE has been the topic of several recent analyst reports. Citigroup reiterated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Sage Group from GBX 1,170 ($15.21) to GBX 1,350 ($17.55) and gave the company a “hold” rating in a report on Friday, November 22nd. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Thursday, January 30th. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($14.17) price objective on shares of The Sage Group in a report on Thursday, January 30th. Finally, Canaccord Genuity Group lifted their price objective on The Sage Group from GBX 970 ($12.61) to GBX 1,090 ($14.17) and gave the company a “sell” rating in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 3,446.67 ($44.81).

The Sage Group Stock Performance

The stock has a 50-day moving average of GBX 1,288.73 and a 200-day moving average of GBX 1,177.07. The firm has a market cap of £11.61 billion, a price-to-earnings ratio of 45.60, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76.

The Sage Group Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 9th were given a GBX 13.50 ($0.18) dividend. This represents a yield of 1.25%. The ex-dividend date of this dividend was Thursday, January 9th. This is a positive change from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio (DPR) is currently 77.74%.

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.