The Sage Group plc (LON:SGE) Given Average Recommendation of “Hold” by Analysts

The Sage Group plc (LON:SGE) has received a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One research analyst has 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 3,918 ($47.96).

Several research analysts have weighed in on SGE shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of The Sage Group from GBX 1,170 ($14.32) to GBX 1,350 ($16.52) and gave the stock a “hold” rating in a research report on Friday, November 22nd. Canaccord Genuity Group upped 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 report on Friday, November 22nd. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Finally, Citigroup reiterated a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th.

Insider Activity

In related news, insider Jonathan Howell sold 27,844 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.03), for a total transaction of £364,756.40 ($446,458.26). Company insiders own 1.08% of the company’s stock.

The Sage Group Price Performance

Shares of LON SGE opened at GBX 1,297 ($15.88) on Friday. 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 one year low of GBX 954.20 ($11.68) and a one year high of GBX 1,328.50 ($16.26). The firm has a market capitalization of £12.92 billion, a P/E ratio of 4,988.46, a PEG ratio of 1.22 and a beta of 0.53. The company’s fifty day moving average is GBX 1,237.08 and its two-hundred day moving average is GBX 1,103.04.

The Sage Group Increases Dividend

The business also recently declared 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. This is an increase from The Sage Group’s previous dividend of $6.95. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 1.25%. The Sage Group’s dividend payout ratio (DPR) is presently 7,692.31%.

The Sage Group Company Profile

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.