The Sage Group plc (LON:SGE) Given Consensus Rating of “Hold” by Analysts

Shares of The Sage Group plc (LON:SGE) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,250.

Several brokerages recently weighed in on SGE. Panmure Gordon restated a “hold” rating and issued a GBX 1,300 price objective on shares of The Sage Group in a report on Thursday, November 20th. JPMorgan Chase & Co. cut their price target on The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating on the stock in a research note on Thursday, December 4th. Shore Capital restated a “hold” rating on shares of The Sage Group in a research report on Thursday, November 20th. Canaccord Genuity Group restated a “hold” rating and issued a GBX 1,100 price target on shares of The Sage Group in a research report on Thursday, November 20th. Finally, Jefferies Financial Group lifted their price objective 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, November 20th.

Insider Activity at The Sage Group

In related news, insider Jonathan Howell sold 88,727 shares of The Sage Group stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £944,942.55. Also, insider Steve Hare sold 127,828 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £1,361,368.20. 0.95% of the stock is owned by corporate insiders.

The Sage Group Trading Up 0.5%

The Sage Group stock opened at GBX 1,041.50 on Wednesday. The Sage Group has a 52 week low of GBX 1,024.50 and a 52 week high of GBX 1,349. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market capitalization of £9.90 billion, a PE ratio of 28.03, a PEG ratio of 1.22 and a beta of 0.53. The business’s 50-day simple moving average is GBX 1,076.47 and its 200-day simple moving average is GBX 1,119.57.

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

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