The Sage Group plc (LON:SGE) Receives Consensus Rating of “Hold” from Analysts

The Sage Group plc (LON:SGE) has earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 3,918 ($47.67).

Several equities analysts have recently commented on the stock. Citigroup restated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Sage Group from GBX 1,170 ($14.24) to GBX 1,350 ($16.43) and gave the company a “hold” rating in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group increased their target price on The Sage Group from GBX 970 ($11.80) to GBX 1,090 ($13.26) and gave the stock a “sell” rating in a research note on Friday, November 22nd.

The Sage Group Trading Up 0.9 %

LON SGE opened at GBX 1,318.87 ($16.05) on Friday. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The stock has a market capitalization of £13.14 billion, a P/E ratio of 5,072.56, a PEG ratio of 1.22 and a beta of 0.53. The firm’s 50-day moving average is GBX 1,250.14 and its two-hundred day moving average is GBX 1,105.90. The Sage Group has a 12 month low of GBX 954.20 ($11.61) and a 12 month high of GBX 1,328.50 ($16.16).

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 paid a GBX 13.50 ($0.16) dividend. This is a boost 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 dividend payout ratio (DPR) is presently 7,692.31%.

Insider Buying and Selling

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($15.94), for a total transaction of £364,756.40 ($443,796.57). 1.08% of the stock is currently owned by insiders.

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.