Deutsche Bank Aktiengesellschaft Lowers The Sage Group (LON:SGE) Price Target to GBX 1,250

The Sage Group (LON:SGE) had its price objective dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 1,350 to GBX 1,250 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 14.42% from the stock’s previous close.

A number of other brokerages have also recently commented on SGE. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,300 price target on shares of The Sage Group in a research note on Thursday. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research note on Thursday. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 1,100 target price on shares of The Sage Group in a report on Thursday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of The Sage Group in a research report on Thursday, September 11th. Finally, Jefferies Financial Group upped their price objective on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 3,155.71.

The Sage Group Trading Up 0.3%

Shares of LON SGE opened at GBX 1,092.43 on Wednesday. The Sage Group has a fifty-two week low of GBX 1,034.50 and a fifty-two week high of GBX 1,349. The firm has a market capitalization of £10.44 billion, a P/E ratio of 31.78, 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 current ratio of 0.76 and a quick ratio of 0.58. The company’s 50 day simple moving average is GBX 1,117.65 and its 200 day simple moving average is GBX 1,173.58.

The Sage Group (LON:SGE) last announced its quarterly earnings data on Wednesday, November 19th. The company reported GBX 43.20 EPS for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. On average, analysts predict 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 buyback program on Wednesday, November 19th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.