The Sage Group plc (LON:SGE) Given Consensus Rating of “Moderate Buy” by Brokerages

The Sage Group plc (LON:SGE) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,230.83.

A number of research analysts have issued reports on the company. Panmure Gordon restated a “hold” rating and issued a GBX 1,300 price objective on shares of The Sage Group in a research note on Thursday, November 20th. Jefferies Financial Group lifted 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, November 20th. JPMorgan Chase & Co. cut their price target on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Canaccord Genuity Group upgraded shares of The Sage Group to a “buy” rating and increased their price target for the company from GBX 1,100 to GBX 1,135 in a research report on Monday, February 2nd. Finally, Shore Capital Group restated a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th.

The Sage Group Stock Performance

Shares of SGE opened at GBX 830 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 219.31. The company has a market capitalization of £7.77 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.22 and a beta of 0.35. The stock has a 50 day moving average of GBX 924 and a 200 day moving average of GBX 1,038.52. The Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,335.

The Sage Group declared that its board has approved a stock repurchase plan on Wednesday, November 19th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at The Sage Group

In other news, insider Derek Harding bought 10,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was acquired at an average cost of GBX 864 per share, with a total value of £86,400. Also, insider John Bates bought 35,000 shares of the stock in a transaction on Thursday, February 12th. The stock was purchased at an average price of GBX 811 per share, for a total transaction of £283,850. Over the last ninety days, insiders bought 55,000 shares of company stock valued at $45,415,000. Company insiders own 1.00% 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.