The Sage Group (LON:SGE) Price Target Lowered to GBX 1,150 at Deutsche Bank Aktiengesellschaft

The Sage Group (LON:SGE) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 1,200 to GBX 1,150 in a report published on Wednesday morning, Marketbeat.com reports. They currently have a hold rating on the stock.

SGE has been the subject of a number of other reports. 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 report on Thursday, November 20th. Shore Capital reissued a “hold” rating on shares of The Sage Group in a report on Tuesday. JPMorgan Chase & Co. reduced their price target 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 report on Thursday, December 4th. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 1,100 price objective on shares of The Sage Group in a research report on Thursday, November 20th. Finally, Panmure Gordon reissued a “hold” rating and set a GBX 1,300 price objective on shares of The Sage Group in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, The Sage Group currently has a consensus rating of “Hold” and an average target price of GBX 1,240.

The Sage Group Stock Up 0.6%

The Sage Group stock opened at GBX 995.40 on Wednesday. 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 capitalization of £9.46 billion, a price-to-earnings ratio of 26.79, a P/E/G 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 firm has a 50 day simple moving average of GBX 1,067.10 and a 200 day simple moving average of GBX 1,111.54.

The Sage Group (LON:SGE) last posted its 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%. On average, analysts predict 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 repurchase plan on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at The Sage Group

In related news, insider Jonathan Howell sold 88,727 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 £944,942.55. Also, insider Steve Hare sold 127,828 shares of the company’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. Company 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.