The Sage Group (LON:SGE) Price Target Lowered to GBX 1,100 at Jefferies Financial Group

The Sage Group (LON:SGE) had its target price cut by Jefferies Financial Group from GBX 1,350 to GBX 1,100 in a research report released on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other analysts also recently weighed in on the company. Citigroup dropped their price target on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. JPMorgan Chase & Co. reduced 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 note on Thursday, December 4th. Canaccord Genuity Group raised The Sage Group to a “buy” rating and lifted their target price for the stock from GBX 1,100 to GBX 1,135 in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Finally, Shore Capital Group reissued a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 1,189.17.

The Sage Group Price Performance

LON SGE opened at GBX 808 on Tuesday. The company has a market cap of £7.56 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.22 and a beta of 0.35. The company has a debt-to-equity ratio of 219.31, a current ratio of 0.60 and a quick ratio of 0.58. The stock’s fifty day moving average price is GBX 880.62 and its 200 day moving average price is GBX 1,022.57. The Sage Group has a 1 year low of GBX 771.66 and a 1 year high of GBX 1,335.

Insider Buying and Selling at The Sage Group

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