The Sage Group (LON:SGE) Receives Hold Rating from Shore Capital

Shore Capital reiterated their hold rating on shares of The Sage Group (LON:SGE) in a report issued on Tuesday, Marketbeat.com reports.

A number of other research firms also recently weighed in on SGE. Canaccord Genuity Group restated a “hold” rating and issued a GBX 1,100 price target on shares of The Sage Group in a research note on Thursday, November 20th. JPMorgan Chase & Co. decreased their target price on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Panmure Gordon reiterated a “hold” rating and issued a GBX 1,300 price target on shares of The Sage Group in a report on Thursday, November 20th. Jefferies Financial Group raised 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 note on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Sage Group from GBX 1,250 to GBX 1,200 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Two research 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 has an average rating of “Hold” and an average target price of GBX 1,250.

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 991.60 on Tuesday. The stock’s 50-day moving average is GBX 1,069.32 and its two-hundred day moving average is GBX 1,112.36. 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 Sage Group has a 1 year low of GBX 988.40 and a 1 year high of GBX 1,349. The firm has a market cap of £9.43 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last released its quarterly 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 predict that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group announced that its Board of Directors has approved a share buyback 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. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 88,727 shares of The Sage Group 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 £944,942.55. Also, insider Steve Hare sold 127,828 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total transaction of £1,361,368.20. Insiders own 0.95% of the company’s stock.

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.