The Sage Group plc (LON:SGE) Given Average Recommendation of “Hold” by Analysts

The Sage Group plc (LON:SGE) has received a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 3,446.67 ($42.92).

A number of brokerages have recently weighed in on SGE. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research note on Thursday, January 30th. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($13.57) target price on shares of The Sage Group in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upped their target price on The Sage Group from GBX 1,170 ($14.57) to GBX 1,350 ($16.81) and gave the stock a “hold” rating in a report on Friday, November 22nd. Canaccord Genuity Group upped their target price on The Sage Group from GBX 970 ($12.08) to GBX 1,090 ($13.57) and gave the stock a “sell” rating in a report on Friday, November 22nd. Finally, Citigroup reiterated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th.

The Sage Group Trading Up 0.6 %

SGE opened at GBX 1,323.31 ($16.48) on Wednesday. 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 firm has a market capitalization of £13.18 billion, a price-to-earnings ratio of 5,089.65, a PEG ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The Sage Group has a one year low of GBX 954.20 ($11.88) and a one year high of GBX 1,349 ($16.80).

The Sage Group (LON:SGE) last announced its quarterly earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) EPS for the quarter. The Sage Group had a return on equity of 22.31% and a net margin of 11.87%. Analysts predict that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were given a GBX 13.50 ($0.17) dividend. This is a boost from The Sage Group’s previous dividend of $6.95. This represents a dividend yield of 1.25%. The ex-dividend date was Thursday, January 9th. The Sage Group’s payout ratio is currently 7,692.31%.

Insider Transactions at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.31), for a total value of £364,756.40 ($454,185.53). Insiders own 1.08% of the company’s stock.

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.