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

Shares of The Sage Group plc (LON:SGE) have earned an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 3,906 ($52.16).

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,500 ($20.03) price target on shares of The Sage Group in a report on Wednesday, July 2nd. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, May 7th.

The Sage Group Price Performance

Shares of LON SGE opened at GBX 1,268.08 ($16.93) on Wednesday. The Sage Group has a fifty-two week low of GBX 960 ($12.82) and a fifty-two week high of GBX 1,349 ($18.02). The firm’s 50-day simple moving average is GBX 1,244.55 and its 200 day simple moving average is GBX 1,245.15. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The stock has a market cap of £12.55 billion, a P/E ratio of 49.29, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last released its earnings results on Thursday, May 15th. The company reported GBX 20.80 ($0.28) earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. Equities analysts expect that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 15th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other The Sage Group news, insider Steve Hare purchased 3,076 shares of the stock in a transaction on Thursday, July 3rd. The stock was bought at an average cost of GBX 1,206 ($16.11) per share, for a total transaction of £37,096.56 ($49,541.35). 1.08% of the stock is owned by company 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.