The Sage Group (LON:SGE) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of The Sage Group (LON:SGE – Get Rating) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.

Several other equities research analysts have also weighed in on the company. Morgan Stanley reissued an overweight rating on shares of The Sage Group in a report on Wednesday, May 11th. Barclays raised The Sage Group to an equal weight rating and decreased their price objective for the stock from GBX 730 ($8.94) to GBX 720 ($8.82) in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. decreased their price objective on The Sage Group from GBX 735 ($9.01) to GBX 700 ($8.58) and set a neutral rating for the company in a report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, The Sage Group presently has an average rating of Hold and a consensus target price of GBX 694 ($8.50).

The Sage Group Trading Down 0.3 %

Shares of The Sage Group stock opened at GBX 705.20 ($8.64) on Tuesday. The Sage Group has a 1 year low of GBX 587.20 ($7.20) and a 1 year high of GBX 862.20 ($10.56). The firm has a market cap of £7.18 billion and a PE ratio of 2,527.14. The stock has a fifty day moving average price of GBX 656.04 and a 200-day moving average price of GBX 687.22. The company has a debt-to-equity ratio of 96.76, a current ratio of 0.78 and a quick ratio of 0.78.

The Sage Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 17th. Shareholders of record on Thursday, May 26th were paid a GBX 6.30 ($0.08) dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a yield of 0.95%. The Sage Group’s dividend payout ratio is currently 63.14%.

The Sage Group Company Profile

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The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software products and financial management solutions; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a HR management solution.