The Sage Group (LON:SGE) Stock Crosses Above 200-Day Moving Average of $1,153.69

The Sage Group plc (LON:SGE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,153.69 ($14.49) and traded as high as GBX 1,205 ($15.14). The Sage Group shares last traded at GBX 1,197.50 ($15.04), with a volume of 1,574,006 shares.

Analysts Set New Price Targets

A number of brokerages have commented on SGE. Canaccord Genuity Group restated a “sell” rating and set a GBX 970 ($12.19) price objective on shares of The Sage Group in a research note on Tuesday, February 27th. Shore Capital restated a “hold” rating on shares of The Sage Group in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,052.50 ($13.22).

The Sage Group Price Performance

The firm has a market cap of £11.95 billion, a price-to-earnings ratio of 5,987.50, a P/E/G ratio of 3.07 and a beta of 0.57. The business’s 50-day moving average price is GBX 1,213.58 and its two-hundred day moving average price is GBX 1,153.69. The company has a debt-to-equity ratio of 89.34, a current ratio of 0.94 and a quick ratio of 0.58.

The Sage Group Increases Dividend

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