The Sage Group’s (SGE) Hold Rating Reaffirmed at Shore Capital

Shore Capital restated their hold rating on shares of The Sage Group (LON:SGEFree Report) in a research report released on Thursday morning, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on SGE. Citigroup restated a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Canaccord Genuity Group increased their target price on shares of The Sage Group from GBX 970 ($12.05) to GBX 1,090 ($13.54) and gave the company a “sell” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Sage Group from GBX 1,170 ($14.53) to GBX 1,350 ($16.77) and gave the stock a “hold” rating in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, The Sage Group currently has a consensus rating of “Hold” and an average price target of GBX 3,446.67 ($42.81).

Check Out Our Latest Analysis on SGE

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 1,325.50 ($16.46) on Thursday. 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 firm has a 50-day moving average of GBX 1,295.51 and a 200-day moving average of GBX 1,120.02. The Sage Group has a one year low of GBX 954.20 ($11.85) and a one year high of GBX 1,342 ($16.67). The company has a market cap of £13.21 billion, a P/E ratio of 5,098.08, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGEGet Free Report) last issued 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%. Equities research analysts forecast that The Sage Group will post 42.1496095 EPS for the current fiscal year.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be paid a dividend of GBX 13.50 ($0.17) per share. 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 of this dividend is Thursday, January 9th. The Sage Group’s dividend payout ratio is presently 7,692.31%.

Insider Activity 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 stock was sold at an average price of GBX 1,310 ($16.27), for a total transaction of £364,756.40 ($453,000.99). 1.08% of the stock is owned by company insiders.

About The Sage Group

(Get Free Report)

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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Analyst Recommendations for The Sage Group (LON:SGE)

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