The Sage Group plc (LON:SGE) Receives GBX 1,052.50 Consensus Price Target from Analysts

Shares of The Sage Group plc (LON:SGE) have earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,052.50 ($13.00).

A number of equities analysts have commented on the company. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Thursday, February 29th. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 970 ($11.98) price objective on shares of The Sage Group in a research report on Tuesday, February 27th.

Insider Buying and Selling

In other news, insider Sangeeta Anand bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were purchased at an average price of GBX 1,208 ($14.92) per share, with a total value of £12,080 ($14,920.95). 0.73% of the stock is owned by corporate insiders.

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 1,160.50 ($14.33) on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 89.34. The business has a 50 day moving average of GBX 1,217.49 and a two-hundred day moving average of GBX 1,141.59. The Sage Group has a 52 week low of GBX 793.80 ($9.80) and a 52 week high of GBX 1,285 ($15.87). The company has a market cap of £11.61 billion, a P/E ratio of 5,802.50, a PEG ratio of 3.21 and a beta of 0.57.

The Sage Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 9th. Stockholders of record on Thursday, January 11th were given a dividend of GBX 12.75 ($0.16) per share. The ex-dividend date was Thursday, January 11th. This is an increase from The Sage Group’s previous dividend of $6.55. This represents a dividend yield of 1.28%. The Sage Group’s payout ratio is currently 9,500.00%.

About The Sage Group

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.