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

The Sage Group plc (LON:SGE) has earned an average rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 3,446.67 ($45.85).

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group reissued a “sell” rating and issued a GBX 1,090 ($14.50) price objective on shares of The Sage Group in a research report on Thursday, January 30th. Shore Capital reissued a “hold” rating on shares of The Sage Group in a report on Thursday, January 30th. Finally, Citigroup restated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th.

The Sage Group Price Performance

LON SGE opened at GBX 1,172 ($15.59) on Monday. The stock has a 50-day simple moving average of GBX 1,217.48 and a 200 day simple moving average of GBX 1,204.51. The Sage Group has a twelve month low of GBX 954.20 ($12.69) and a twelve month high of GBX 1,349 ($17.94). The stock has a market capitalization of £11.60 billion, a PE ratio of 45.56, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were paid a GBX 13.50 ($0.18) dividend. 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 was Thursday, January 9th. The Sage Group’s dividend payout ratio is currently 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.