The Sage Group’s (SGE) “Hold” Rating Reiterated at Panmure Gordon

Panmure Gordon restated their hold rating on shares of The Sage Group (LON:SGE) in a research report report published on Thursday morning, Marketbeat Ratings reports. Panmure Gordon currently has a GBX 1,300 price objective on the stock.

Several other equities research analysts have also recently weighed in on the company. Jefferies Financial Group boosted their target price on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity Group raised The Sage Group to a “hold” rating and increased their price objective for the stock from GBX 1,080 to GBX 1,100 in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,350 target price on shares of The Sage Group in a report on Thursday, July 31st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Sage Group in a research report on Thursday, September 11th. Finally, Shore Capital reissued a “hold” rating on shares of The Sage Group in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, The Sage Group has an average rating of “Hold” and a consensus target price of GBX 1,300.

The Sage Group Stock Performance

LON:SGE opened at GBX 1,064.43 on Thursday. The firm has a market capitalization of £10.17 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a 1-year low of GBX 1,034.50 and a 1-year high of GBX 1,349. 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 moving average is GBX 1,117.46 and its two-hundred day moving average is GBX 1,171.54.

The Sage Group (LON:SGE) last announced its earnings results on Wednesday, November 19th. The company reported GBX 43.20 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%. Analysts forecast 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 plan on Wednesday, November 19th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans 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.