Brokerages Set The Sage Group plc (LON:SGE) Price Target at GBX 1,173

The Sage Group plc (LON:SGE) has earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 3,918 ($49.73).

A number of brokerages recently commented on SGE. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Sage Group from GBX 1,170 ($14.85) to GBX 1,350 ($17.14) and gave the company a “hold” rating in a research report on Friday, November 22nd. Canaccord Genuity Group boosted their price target on shares of The Sage Group from GBX 970 ($12.31) to GBX 1,090 ($13.84) and gave the company a “sell” rating in a report on Friday, November 22nd. Finally, Citigroup increased their price objective on The Sage Group from £135 ($171.36) to £145 ($184.06) and gave the stock a “buy” rating in a report on Friday, November 22nd.

Insider Activity at The Sage Group

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 ($16.12), for a total transaction of £889,000 ($1,128,459.00). 1.08% of the stock is owned by company insiders.

The Sage Group Trading Down 0.2 %

Shares of LON SGE opened at GBX 1,304.90 ($16.56) on Friday. 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 one year low of GBX 954.20 ($12.11) and a one year high of GBX 1,321 ($16.77). The business has a 50-day moving average price of GBX 1,058.17 and a two-hundred day moving average price of GBX 1,056.67. The firm has a market capitalization of £13.00 billion, a PE ratio of 5,030.77, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

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

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.