The Sage Group plc (LON:SGE) Given Average Rating of “Moderate Buy” by Analysts

The Sage Group plc (LON:SGEGet Free Report) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 1,183 ($14.96).

SGE has been the subject of several recent research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,300 ($16.44) price objective on shares of The Sage Group in a research report on Monday, July 1st. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Thursday, May 16th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,400 ($17.71) price objective on shares of The Sage Group in a report on Thursday, June 27th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 615 ($7.78) target price on shares of The Sage Group in a research note on Monday, July 1st.

Get Our Latest Stock Analysis on The Sage Group

The Sage Group Price Performance

SGE stock opened at GBX 1,086 ($13.74) on Friday. The stock has a 50-day simple moving average of GBX 1,095.85 and a 200-day simple moving average of GBX 1,159.53. The firm has a market cap of £10.84 billion, a P/E ratio of 4,176.92, a price-to-earnings-growth ratio of 2.80 and a beta of 0.59. 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 Sage Group has a 1 year low of GBX 892.40 ($11.29) and a 1 year high of GBX 1,285 ($16.25).

The Sage Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 30th were given a GBX 6.95 ($0.09) dividend. This represents a dividend yield of 0.58%. The ex-dividend date was Thursday, May 30th. The Sage Group’s payout ratio is currently 7,692.31%.

Insider Transactions at The Sage Group

In other news, insider Annette Court bought 950 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was bought at an average price of GBX 1,065 ($13.47) per share, for a total transaction of £10,117.50 ($12,797.24). Corporate insiders own 0.67% of the company’s stock.

The Sage Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for The Sage Group (LON:SGE)

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