The Sage Group (LON:SGE) Reaches New 1-Year High – Should You Buy?

The Sage Group plc (LON:SGE) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,321.50 ($16.80) and last traded at GBX 1,320.50 ($16.79), with a volume of 6086295 shares. The stock had previously closed at GBX 1,305 ($16.59).

Wall Street Analysts Forecast Growth

SGE has been the topic of several recent research reports. Canaccord Genuity Group boosted their price target on shares of The Sage Group from GBX 970 ($12.33) to GBX 1,090 ($13.86) and gave the company a “sell” rating in a research report on Friday, November 22nd. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Sage Group from GBX 1,170 ($14.87) to GBX 1,350 ($17.16) and gave the stock a “hold” rating in a report on Friday, November 22nd. Finally, Citigroup increased their price objective on The Sage Group from £135 ($171.62) to £145 ($184.34) and gave the stock a “buy” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,918 ($49.81).

The Sage Group Stock Up 1.4 %

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 business’s 50 day moving average price is GBX 1,120.69 and its 200-day moving average price is GBX 1,067.81. The firm has a market capitalization of £13.18 billion, a PE ratio of 5,019.23, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.65), for a total value of £364,756.40 ($463,712.69). 1.08% of the stock is owned by corporate insiders.

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.