The Sage Group plc (LON:SGE – Get Free Report) has received a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 1,052.50 ($13.22).
SGE has been the topic of a number of analyst reports. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research note on Thursday, February 29th. Canaccord Genuity Group reaffirmed a “sell” rating and set a GBX 970 ($12.18) price target on shares of The Sage Group in a research report on Tuesday, February 27th.
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The Sage Group Price Performance
The Sage Group Increases Dividend
The business also recently declared a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were paid a GBX 12.75 ($0.16) dividend. This is an increase from The Sage Group’s previous dividend of $6.55. This represents a yield of 1.28%. The ex-dividend date was Thursday, January 11th. The Sage Group’s payout ratio is 9,500.00%.
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.
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