The Sage Group plc (LON:SGE – Get Free Report) has earned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 1,108.33 ($14.09).
A number of research analysts recently weighed in on SGE shares. Canaccord Genuity Group reissued a “sell” rating and set a GBX 970 ($12.33) price target on shares of The Sage Group in a research report on Friday, May 17th. Shore Capital restated a “hold” rating on shares of The Sage Group in a report on Thursday, May 16th.
Check Out Our Latest Stock Analysis on The Sage Group
The Sage Group Stock Down 1.8 %
The Sage Group Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be paid a dividend of GBX 6.95 ($0.09) per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 0.58%. The Sage Group’s dividend payout ratio is currently 7,692.31%.
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.
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