The Sage Group (LON:SGE) Price Target Raised to GBX 1,090

The Sage Group (LON:SGE) had its price target increased by Canaccord Genuity Group from GBX 970 ($12.22) to GBX 1,090 ($13.73) in a report issued on Friday morning, Marketbeat reports. The brokerage currently has a sell rating on the stock.

Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. cut their target price on The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Citigroup upped their target price on The Sage Group from £135 ($170.00) to £145 ($182.60) and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, The Sage Group has an average rating of “Hold” and an average price target of GBX 3,918 ($49.34).

The Sage Group Trading Up 1.0 %

Shares of SGE stock opened at GBX 1,277.63 ($16.09) on Friday. The stock has a market cap of £12.73 billion, a price-to-earnings ratio of 4,946.15, a PEG ratio of 1.22 and a beta of 0.53. The stock has a 50-day moving average of GBX 1,035.08 and a 200-day moving average of GBX 1,052.24. 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 1-year low of GBX 954.20 ($12.02) and a 1-year high of GBX 1,320 ($16.62).

The Sage Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. The ex-dividend date is Thursday, January 9th. This represents a yield of 1.25%. This is a positive change from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio is presently 7,692.31%.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the 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). Corporate 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.