The Sage Group (LON:SGE) Price Target Cut to GBX 1,200 by Analysts at Deutsche Bank Aktiengesellschaft

The Sage Group (LON:SGE) had its price objective reduced by Deutsche Bank Aktiengesellschaft from GBX 1,250 to GBX 1,200 in a report released on Tuesday morning, Marketbeat.com reports. They currently have a hold rating on the stock.

Several other equities analysts have also recently commented on SGE. Panmure Gordon reissued a “hold” rating and issued a GBX 1,300 price target on shares of The Sage Group in a research report on Thursday, November 20th. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 1,100 target price on shares of The Sage Group in a report on Thursday, November 20th. Jefferies Financial Group upped their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a report on Thursday, November 20th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. lowered their price objective on The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,250.

The Sage Group Price Performance

SGE opened at GBX 1,041.50 on Tuesday. The firm has a market cap of £9.90 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 1.22 and a beta of 0.53. 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 stock’s 50-day moving average price is GBX 1,076.47 and its 200 day moving average price is GBX 1,119.57. The Sage Group has a 12-month low of GBX 1,024.50 and a 12-month high of GBX 1,349.

The Sage Group (LON:SGE) last issued 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 net margin of 11.87% and a return on equity of 24.48%. As a group, sell-side analysts expect that The Sage Group will post 42.1496095 earnings per share for the current year.

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

Insider Buying and Selling

In related news, insider Jonathan Howell sold 88,727 shares of the stock in a transaction on Wednesday, December 3rd. The shares were 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 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. 0.95% of the stock is currently 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.