The Sage Group (LON:SGE) Given “Buy” Rating at Citigroup

Citigroup reaffirmed their buy rating on shares of The Sage Group (LON:SGE) in a research note issued to investors on Tuesday, Marketbeat.com reports.

A number of other equities research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Sage Group from GBX 1,170 ($14.40) to GBX 1,350 ($16.61) and gave the stock a “hold” rating in a report on Friday, November 22nd. Canaccord Genuity Group increased their price target on shares of The Sage Group from GBX 970 ($11.94) to GBX 1,090 ($13.41) and gave the company 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 report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, The Sage Group has a consensus rating of “Hold” and a consensus target price of GBX 3,918 ($48.21).

The Sage Group Price Performance

Shares of SGE stock opened at GBX 1,298.81 ($15.98) on Tuesday. The Sage Group has a 52 week low of GBX 954.20 ($11.74) and a 52 week high of GBX 1,328.50 ($16.35). The stock has a market capitalization of £12.94 billion, a PE ratio of 4,995.40, a PEG ratio of 1.22 and a beta of 0.53. 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 stock’s fifty day moving average is GBX 1,214.25 and its 200-day moving average is GBX 1,097.08.

The Sage Group Increases Dividend

The firm also recently announced 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. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, January 9th. This is a positive change from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio (DPR) is 7,692.31%.

Insider Buying and Selling

In other news, insider Jonathan Howell sold 27,844 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.12), for a total transaction of £364,756.40 ($448,820.47). 1.08% of the stock is currently owned by 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.