The Sage Group plc (LON:SGE) Receives GBX 3,446.67 Consensus Target Price from Brokerages

The Sage Group plc (LON:SGE) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 3,446.67 ($42.92).

SGE has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their price objective on The Sage Group from GBX 970 ($12.08) to GBX 1,090 ($13.57) and gave the stock a “sell” rating in a research report on Friday, November 22nd. Citigroup restated a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Shore Capital restated a “hold” rating on shares of The Sage Group in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Sage Group from GBX 1,170 ($14.57) to GBX 1,350 ($16.81) and gave the company a “hold” rating in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group reaffirmed a “sell” rating and issued a GBX 1,090 ($13.57) target price on shares of The Sage Group in a research note on Thursday, January 30th.

The Sage Group Stock Up 0.6 %

Shares of LON SGE opened at GBX 1,323.31 ($16.48) on Wednesday. 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 company has a market cap of £13.18 billion, a P/E ratio of 5,089.65, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a 52 week low of GBX 954.20 ($11.88) and a 52 week high of GBX 1,349 ($16.80). The business has a 50-day simple moving average of GBX 1,306.14 and a two-hundred day simple moving average of GBX 1,135.70.

The Sage Group (LON:SGE) last released its quarterly earnings data 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%. Research analysts anticipate that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group Increases Dividend

The firm 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 ($0.17) dividend. This represents a yield of 1.25%. The ex-dividend date was Thursday, January 9th. This is a boost from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio (DPR) is presently 7,692.31%.

Insider Buying and Selling

In other news, insider Jonathan Howell sold 70,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.81), for a total transaction of £889,000 ($1,106,960.53). 1.08% of the stock is owned by corporate insiders.

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.