Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGE)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank Aktiengesellschaft in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 1,350 ($17.92) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 12.35% from the company’s previous close.

SGE has been the subject of a number of other reports. Canaccord Genuity Group decreased their price target on The Sage Group from GBX 1,090 ($14.47) to GBX 1,080 ($14.34) and set a “sell” rating for the company in a report on Thursday. Shore Capital reissued a “hold” rating on shares of The Sage Group in a report on Wednesday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,500 ($19.91) price target on shares of The Sage Group in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 3,500 ($46.46).

The Sage Group Trading Down 1.5%

The Sage Group stock opened at GBX 1,201.63 ($15.95) on Thursday. 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 Sage Group has a 52 week low of GBX 960 ($12.74) and a 52 week high of GBX 1,349 ($17.91). The company has a market capitalization of £11.89 billion, a price-to-earnings ratio of 46.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The stock has a 50-day moving average price of GBX 1,242.57 and a 200 day moving average price of GBX 1,243.94.

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

The Sage Group declared that its Board of Directors has authorized a stock buyback program on Thursday, May 15th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at The Sage Group

In other The Sage Group news, insider Steve Hare bought 3,076 shares of The Sage Group stock in a transaction dated Thursday, July 3rd. The stock was acquired at an average cost of GBX 1,206 ($16.01) per share, with a total value of £37,096.56 ($49,238.86). 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.