Brokerages Set The Sage Group plc (LON:SGE) Price Target at GBX 3,918

The Sage Group plc (LON:SGE) has been given an average rating of “Hold” by the six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 3,918 ($47.94).

SGE has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price target on The Sage Group from GBX 970 ($11.87) to GBX 1,090 ($13.34) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their target price on The Sage Group from GBX 1,170 ($14.32) to GBX 1,350 ($16.52) and gave the stock a “hold” rating in a report on Friday, November 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th.

The Sage Group Stock Performance

Shares of The Sage Group stock opened at GBX 1,278.24 ($15.64) on Friday. The firm has a market cap of £12.74 billion, a P/E ratio of 4,916.29, a P/E/G ratio of 1.22 and a beta of 0.53. 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 Sage Group has a 12 month low of GBX 954.20 ($11.68) and a 12 month high of GBX 1,328.50 ($16.26). The stock’s fifty day moving average price is GBX 1,225.08 and its 200-day moving average price is GBX 1,100.27.

The Sage Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be given 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 of this dividend is Thursday, January 9th. The Sage Group’s payout ratio is presently 7,692.31%.

Insider Buying and Selling

In related news, insider Jonathan Howell sold 27,844 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.03), for a total transaction of £364,756.40 ($446,349.00). 1.08% of the stock is owned by company 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.