The Sage Group (LON:SGE) Price Target Raised to GBX 1,350

The Sage Group (LON:SGE) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 1,170 ($14.69) to GBX 1,350 ($16.96) in a research note published on Friday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other brokerages also recently issued reports on SGE. JPMorgan Chase & Co. cut their target price on shares of The Sage Group from GBX 1,300 ($16.33) to GBX 1,250 ($15.70) and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Canaccord Genuity Group raised their price objective on shares of The Sage Group from GBX 970 ($12.18) to GBX 1,090 ($13.69) and gave the stock a “sell” rating in a research report on Friday. Finally, Citigroup raised their price objective on shares of The Sage Group from £135 ($169.56) to £145 ($182.12) and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,918 ($49.21).

The Sage Group Trading Up 0.7 %

Shares of LON:SGE opened at GBX 1,295 ($16.26) on Friday. The Sage Group has a 52-week low of GBX 954.20 ($11.98) and a 52-week high of GBX 1,320 ($16.58). The company has a market capitalization of £12.90 billion, a P/E ratio of 4,980.77, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a 50-day simple moving average of GBX 1,041.07 and a 200 day simple moving average of GBX 1,052.26. 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 Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be given a GBX 13.50 ($0.17) dividend. This represents a dividend yield of 1.25%. This is an increase 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 Activity

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 shares were sold at an average price of GBX 1,270 ($15.95), for a total value of £889,000 ($1,116,553.63). 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.