The Sage Group (LON:SGE) Downgraded to Add at Numis Securities

Numis Securities lowered shares of The Sage Group (LON:SGEGet Rating) to an add rating in a research note released on Tuesday, Digital Look reports. They currently have GBX 880 ($10.90) price target on the stock, down from their prior price target of GBX 965 ($11.95).

A number of other brokerages also recently issued reports on SGE. Deutsche Bank Aktiengesellschaft raised The Sage Group to a hold rating and lifted their price target for the stock from GBX 590 ($7.30) to GBX 800 ($9.90) in a report on Wednesday, November 23rd. Shore Capital reissued a buy rating on shares of The Sage Group in a report on Friday, December 2nd. JPMorgan Chase & Co. reduced their target price on The Sage Group from GBX 700 ($8.67) to GBX 685 ($8.48) and set a neutral rating for the company in a report on Friday, October 21st. Finally, Barclays reissued an equal weight rating and issued a GBX 720 ($8.91) target price on shares of The Sage Group in a report on Thursday, November 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, The Sage Group currently has an average rating of Moderate Buy and an average target price of GBX 774.17 ($9.58).

The Sage Group Stock Down 0.4 %

Shares of LON SGE opened at GBX 760.40 ($9.41) on Tuesday. The company has a market capitalization of £7.79 billion and a price-to-earnings ratio of 3,052.80. The company has a debt-to-equity ratio of 87.47, a current ratio of 0.67 and a quick ratio of 0.58. The business has a 50-day moving average of GBX 776.82 and a two-hundred day moving average of GBX 736.37. The Sage Group has a 1 year low of GBX 587.20 ($7.27) and a 1 year high of GBX 823 ($10.19).

The Sage Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 10th. Shareholders of record on Thursday, January 12th will be issued a GBX 12.10 ($0.15) dividend. This is a boost from The Sage Group’s previous dividend of $6.30. The ex-dividend date of this dividend is Thursday, January 12th. This represents a yield of 1.6%. The Sage Group’s payout ratio is 71.72%.

Insider Transactions at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 22,260 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of GBX 784 ($9.71), for a total value of £174,518.40 ($216,068.34). In other The Sage Group news, insider Jonathan Howell sold 22,260 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of GBX 784 ($9.71), for a total value of £174,518.40 ($216,068.34). Also, insider Steve Hare sold 25,056 shares of the company’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of GBX 787 ($9.74), for a total value of £197,190.72 ($244,138.57). In the last quarter, insiders sold 63,624 shares of company stock worth $50,298,852.

The Sage Group Company Profile

(Get Rating)

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 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.

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