The Sage Group plc (LON:SGE) Receives GBX 3,918 Consensus PT from Brokerages

The Sage Group plc (LON:SGE) has been given a consensus rating of “Hold” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 3,918 ($49.24).

Several analysts have issued reports on the company. Citigroup boosted their target price on The Sage Group from £135 ($169.66) to £145 ($182.23) and gave the company a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Sage Group from GBX 1,170 ($14.70) to GBX 1,350 ($16.97) and gave the company a “hold” rating in a report on Friday, November 22nd. Canaccord Genuity Group lifted their target price on shares of The Sage Group from GBX 970 ($12.19) to GBX 1,090 ($13.70) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Finally, Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Wednesday, December 4th.

Insider Buying and Selling

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.46), for a total transaction of £364,756.40 ($458,409.45). 1.08% of the stock is currently owned by company insiders.

The Sage Group Trading Down 1.2 %

Shares of SGE stock opened at GBX 1,290 ($16.21) on Tuesday. The Sage Group has a 12-month low of GBX 954.20 ($11.99) and a 12-month high of GBX 1,328.50 ($16.70). The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The company has a 50 day moving average of GBX 1,138.70 and a 200-day moving average of GBX 1,072.94. The firm has a market cap of £12.85 billion, a P/E ratio of 4,961.54, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be given 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. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, January 9th. The Sage Group’s payout ratio is 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.