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

Shares of The Sage Group plc (LON:SGE) have been given a consensus rating of “Hold” by the seven research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 3,446.67 ($44.54).

A number of research firms have issued reports on SGE. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft increased their price objective on The Sage Group from GBX 1,170 ($15.12) to GBX 1,350 ($17.44) and gave the stock a “hold” rating in a report on Friday, November 22nd. Citigroup reiterated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Canaccord Genuity Group raised their price target on The Sage Group from GBX 970 ($12.53) to GBX 1,090 ($14.08) and gave the company a “sell” rating in a report on Friday, November 22nd. Finally, Canaccord Genuity Group restated a “sell” rating and set a GBX 1,090 ($14.08) price target on shares of The Sage Group in a report on Thursday, January 30th.

The Sage Group Price Performance

SGE opened at GBX 1,231.24 ($15.91) on Friday. The stock has a fifty day simple moving average of GBX 1,300.94 and a two-hundred day simple moving average of GBX 1,167.47. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The company has a market cap of £12.19 billion, a price-to-earnings ratio of 47.86, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group has a 12-month low of GBX 954.20 ($12.33) and a 12-month high of GBX 1,349 ($17.43).

The Sage Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 9th were issued a GBX 13.50 ($0.17) dividend. This represents a yield of 1.25%. This is an increase from The Sage Group’s previous dividend of $6.95. The ex-dividend date was Thursday, January 9th. The Sage Group’s dividend payout ratio (DPR) is presently 77.74%.

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.