Analysts Set The Sage Group plc (LON:SGE) Target Price at GBX 3,446.67

The Sage Group plc (LON:SGE) has been given an average rating of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 3,446.67 ($44.42).

SGE has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price target on shares of The Sage Group from GBX 970 ($12.50) to GBX 1,090 ($14.05) and gave the company a “sell” rating in a research note on Friday, November 22nd. Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 1,170 ($15.08) to GBX 1,350 ($17.40) and gave the company a “hold” rating in a report on Friday, November 22nd. Canaccord Genuity Group reissued a “sell” rating and issued a GBX 1,090 ($14.05) price target on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Thursday, January 30th.

The Sage Group Stock Down 1.9 %

Shares of The Sage Group stock opened at GBX 1,231.92 ($15.88) on Friday. The Sage Group has a one year low of GBX 954.20 ($12.30) and a one year high of GBX 1,349 ($17.38). The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The stock’s 50-day moving average is GBX 1,302.11 and its 200 day moving average is GBX 1,165.89. The firm has a market cap of £12.19 billion, a price-to-earnings ratio of 47.89, 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 was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were paid a dividend of GBX 13.50 ($0.17) per share. This is a boost from The Sage Group’s previous dividend of $6.95. The ex-dividend date was Thursday, January 9th. This represents a yield of 1.25%. The Sage Group’s payout ratio is presently 77.74%.

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.