The Sage Group (LON:SGE) Receives “Hold” Rating from Shore Capital

Shore Capital reiterated their hold rating on shares of The Sage Group (LON:SGE) in a report issued on Wednesday, MarketBeat Ratings reports.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price objective on The Sage Group from GBX 970 ($12.33) to GBX 1,090 ($13.85) and gave the company a “sell” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on The Sage Group from GBX 1,170 ($14.87) to GBX 1,350 ($17.15) and gave the company a “hold” rating in a research note on Friday, November 22nd. Finally, Citigroup lifted their target price on The Sage Group from £135 ($171.54) to £145 ($184.24) and gave the stock a “buy” rating in a research note on Friday, November 22nd. One equities research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 3,918 ($49.78).

The Sage Group Stock Performance

LON SGE opened at GBX 1,316.71 ($16.73) on Wednesday. The company has a fifty day simple moving average of GBX 1,081.08 and a 200 day simple moving average of GBX 1,059.66. The Sage Group has a 12-month low of GBX 954.20 ($12.12) and a 12-month high of GBX 1,321 ($16.79). The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The company has a market cap of £13.12 billion, a P/E ratio of 4,990.38, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be paid a dividend of GBX 13.50 ($0.17) per share. This represents a dividend 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 payout ratio is presently 7,692.31%.

Insider Transactions at The Sage Group

In related news, insider Jonathan Howell sold 70,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($16.14), for a total value of £889,000 ($1,129,606.10). Company 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.