The Sage Group (LON:SGE) Sets New 52-Week Low – What’s Next?

The Sage Group plc (LON:SGE) shares hit a new 52-week low on Friday . The stock traded as low as GBX 1,024.50 and last traded at GBX 1,031.50, with a volume of 5685498 shares trading hands. The stock had previously closed at GBX 1,039.50.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on The Sage Group from GBX 1,350 to GBX 1,250 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Jefferies Financial Group increased their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research note on Thursday, November 20th. Panmure Gordon restated a “hold” rating and set a GBX 1,300 price objective on shares of The Sage Group in a report on Thursday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a research note on Thursday, December 4th. Finally, Canaccord Genuity Group restated a “hold” rating and set a GBX 1,100 price target on shares of The Sage Group in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, The Sage Group presently has a consensus rating of “Hold” and an average target price of GBX 1,260.

The Sage Group Trading Down 0.0%

The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The company has a fifty day simple moving average of GBX 1,079.45 and a 200-day simple moving average of GBX 1,122.44. The company has a market capitalization of £9.88 billion, a PE ratio of 27.97, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX 43.20 earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. Analysts predict that The Sage Group plc will post 42.1496095 EPS for the current year.

The Sage Group declared that its board has approved a share repurchase plan on Wednesday, November 19th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at The Sage Group

In related news, insider Jonathan Howell sold 88,727 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total transaction of £944,942.55. Also, insider Steve Hare sold 127,828 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total transaction of £1,361,368.20. 0.95% 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.