The Sage Group’s (SGE) “Hold” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of The Sage Group (LON:SGE – Get Rating) in a research note released on Thursday morning, MarketBeat reports. They currently have a GBX 800 ($9.95) target price on the stock.

SGE has been the subject of several other research reports. Canaccord Genuity Group lifted their price target on The Sage Group from GBX 915 ($11.38) to GBX 970 ($12.06) and gave the stock a buy rating in a research note on Monday. BNP Paribas downgraded The Sage Group to a neutral rating in a report on Friday, March 17th. Shore Capital reiterated a buy rating on shares of The Sage Group in a report on Wednesday, May 17th. Finally, Barclays reiterated an equal weight rating and issued a GBX 775 ($9.64) price objective on shares of The Sage Group in a report on Wednesday, April 12th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, The Sage Group presently has a consensus rating of Moderate Buy and an average target price of GBX 818.33 ($10.18).

The Sage Group Trading Up 0.0 %

Shares of SGE stock opened at GBX 849.20 ($10.56) on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 87.47. The business has a 50-day moving average price of GBX 796.19 and a two-hundred day moving average price of GBX 778.59. The Sage Group has a 12-month low of GBX 587.20 ($7.30) and a 12-month high of GBX 869.40 ($10.81). The firm has a market cap of £8.66 billion, a P/E ratio of 3,264.62, a price-to-earnings-growth ratio of 1.79 and a beta of 0.55.

The Sage Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, June 1st will be issued a dividend of GBX 6.55 ($0.08) per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a dividend yield of 0.8%. The Sage Group’s dividend payout ratio (DPR) is 6,923.08%.

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 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.