Citigroup Increases The Sage Group (LON:SGE) Price Target to £145

The Sage Group (LON:SGE) had its target price lifted by stock analysts at Citigroup from £135 ($169.24) to £145 ($181.77) in a research note issued on Friday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock.

Separately, JPMorgan Chase & Co. reduced their price target on shares of The Sage Group from GBX 1,300 ($16.30) to GBX 1,250 ($15.67) and set an “overweight” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 3,918 ($49.12).

The Sage Group Stock Up 1.6 %

Shares of LON:SGE opened at GBX 1,286 ($16.12) on Friday. The Sage Group has a 1 year low of GBX 954.20 ($11.96) and a 1 year high of GBX 1,320 ($16.55). The company has a market capitalization of £12.81 billion, a PE ratio of 4,946.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The business has a fifty day moving average price of GBX 1,035.08 and a two-hundred day moving average price of GBX 1,052.99. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58.

Insider Transactions at The Sage Group

In other news, insider Jonathan Howell sold 70,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.92), for a total value of £889,000 ($1,114,454.06). 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.