Canaccord Genuity Group Raises The Sage Group (LON:SGE) Price Target to GBX 1,090

The Sage Group (LON:SGE) had its price target lifted by Canaccord Genuity Group from GBX 970 ($12.18) to GBX 1,090 ($13.69) in a research note published on Friday, Marketbeat.com reports. The firm currently has a sell rating on the stock.

A number of other equities analysts also recently issued reports on SGE. Citigroup increased their price target on shares of The Sage Group from £135 ($169.56) to £145 ($182.12) and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. cut their price target on shares of The Sage Group from GBX 1,300 ($16.33) to GBX 1,250 ($15.70) and set an “overweight” rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 3,918 ($49.21).

The Sage Group Stock Up 0.7 %

Shares of The Sage Group stock opened at GBX 1,295 ($16.26) on Friday. The company has a market cap of £12.90 billion, a P/E ratio of 4,980.77, a PEG ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72. The Sage Group has a one year low of GBX 954.20 ($11.98) and a one year high of GBX 1,320 ($16.58). The firm has a fifty day moving average of GBX 1,041.07 and a two-hundred day moving average of GBX 1,052.26.

The Sage Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be paid a GBX 13.50 ($0.17) dividend. This represents a yield of 1.25%. This is a boost from The Sage Group’s previous dividend of $6.95. The ex-dividend date is Thursday, January 9th. The Sage Group’s dividend payout ratio is presently 7,692.31%.

Insider Activity at The Sage Group

In related news, insider Jonathan Howell sold 70,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.95), for a total value of £889,000 ($1,116,553.63). 1.08% of the stock is owned by corporate insiders.

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.