Analysts Set The Sage Group plc (LON:SGE) Price Target at GBX 3,446.67

The Sage Group plc (LON:SGE) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 3,446.67 ($44.61).

A number of research firms have commented on SGE. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Thursday, January 30th. Canaccord Genuity Group reaffirmed a “sell” rating and issued a GBX 1,090 ($14.11) price target on shares of The Sage Group in a report on Thursday, January 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th.

The Sage Group Price Performance

SGE stock opened at GBX 1,210 ($15.66) on Thursday. The Sage Group has a 12-month low of GBX 954.20 ($12.35) and a 12-month high of GBX 1,349 ($17.46). The firm has a 50 day moving average of GBX 1,273.49 and a 200-day moving average of GBX 1,186.55. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The company has a market cap of £11.98 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were issued a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 1.25%. This is an increase from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio (DPR) is currently 77.74%.

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.