Deutsche Bank Aktiengesellschaft Issues Positive Forecast for The Sage Group (LON:SGE) Stock Price

The Sage Group (LON:SGE) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 1,170 ($14.69) to GBX 1,350 ($16.96) in a research report report published on Friday morning, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of The Sage Group from GBX 1,300 ($16.33) to GBX 1,250 ($15.70) and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Citigroup boosted their target price on shares of The Sage Group from £135 ($169.56) to £145 ($182.12) and gave the stock a “buy” rating in a research note on Friday. Finally, Canaccord Genuity Group boosted their price objective on shares of The Sage Group from GBX 970 ($12.18) to GBX 1,090 ($13.69) and gave the stock a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 3,918 ($49.21).

The Sage Group Stock Performance

LON SGE opened at GBX 1,295 ($16.26) on Friday. The firm’s fifty day moving average price is GBX 1,041.07 and its two-hundred day moving average price is GBX 1,052.26. The stock has a market cap of £12.90 billion, a PE ratio of 4,980.77, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a fifty-two week low of GBX 954.20 ($11.98) and a fifty-two week high of GBX 1,320 ($16.58). The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72.

The Sage Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. This is a positive change from The Sage Group’s previous dividend of $6.95. The ex-dividend date is Thursday, January 9th. This represents a yield of 1.25%. The Sage Group’s payout ratio is presently 7,692.31%.

Insider Activity at The Sage Group

In other news, insider Jonathan Howell sold 70,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.95), for a total transaction of £889,000 ($1,116,553.63). 1.08% of the stock is owned by company insiders.

The Sage Group Company Profile

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.