The Sage Group plc (LON:SGE) Receives GBX 1,173 Average PT from Analysts

Shares of The Sage Group plc (LON:SGE) have been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, Marketbeat reports. One 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 12-month target price among brokers that have covered the stock in the last year is GBX 3,918 ($49.34).

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating for the company in a report on Wednesday, July 31st. Citigroup increased their price target on shares of The Sage Group from £135 ($170.00) to £145 ($182.60) and gave the stock a “buy” rating in a research note on Friday. Canaccord Genuity Group lifted their price objective on shares of The Sage Group from GBX 970 ($12.22) to GBX 1,090 ($13.73) and gave the company a “sell” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of The Sage Group from GBX 1,170 ($14.73) to GBX 1,350 ($17.00) and gave the stock a “hold” rating in a research note on Friday.

The Sage Group Stock Up 1.0 %

The Sage Group stock opened at GBX 1,277.63 ($16.09) on Friday. The company has a market capitalization of £12.73 billion, a P/E ratio of 4,946.15, a PEG ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72. The Sage Group has a fifty-two week low of GBX 954.20 ($12.02) and a fifty-two week high of GBX 1,320 ($16.62). The stock has a 50-day simple moving average of GBX 1,035.08 and a 200-day simple moving average of GBX 1,052.24.

The Sage Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be given a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date is Thursday, January 9th. This represents a 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 is presently 7,692.31%.

Insider Transactions at The Sage Group

In related news, insider Jonathan Howell sold 70,000 shares of The Sage Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.99), for a total value of £889,000 ($1,119,506.36). Company insiders own 1.08% of the company’s stock.

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.