The Sage Group (LON:SGE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of The Sage Group plc (LON:SGE) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,169.95 ($15.06) and traded as high as GBX 1,240.50 ($15.97). The Sage Group shares last traded at GBX 1,219.50 ($15.70), with a volume of 4,412,869 shares.

Analyst Ratings Changes

SGE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Sage Group from GBX 1,170 ($15.06) to GBX 1,350 ($17.38) and gave the stock a “hold” rating in a report on Friday, November 22nd. Citigroup restated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Shore Capital restated a “hold” rating on shares of The Sage Group in a report on Thursday, January 30th. Canaccord Genuity Group restated a “sell” rating and issued a GBX 1,090 ($14.03) price objective on shares of The Sage Group in a report on Thursday, January 30th. Finally, Canaccord Genuity Group upped their target price on shares of The Sage Group from GBX 970 ($12.49) to GBX 1,090 ($14.03) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, The Sage Group presently has an average rating of “Hold” and a consensus target price of GBX 3,446.67 ($44.38).

The Sage Group Stock Performance

The firm’s 50 day moving average is GBX 1,299.63 and its two-hundred day moving average is GBX 1,169.95. The stock has a market capitalization of £12.07 billion, a PE ratio of 47.40, a P/E/G 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 disclosed a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were given a GBX 13.50 ($0.17) dividend. The ex-dividend date of this dividend was Thursday, January 9th. This is an increase from The Sage Group’s previous dividend of $6.95. This represents a dividend yield of 1.25%. The Sage Group’s dividend payout ratio 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.