Analysts Set The Sage Group plc (LON:SGE) Target Price at GBX 1,173

The Sage Group plc (LON:SGE) has received an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 3,918 ($49.25).

A number of research firms have weighed in on SGE. JPMorgan Chase & Co. cut their price objective on shares of The Sage Group from GBX 1,300 ($16.34) to GBX 1,250 ($15.71) and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Sage Group from GBX 1,170 ($14.71) to GBX 1,350 ($16.97) and gave the stock a “hold” rating in a report on Friday, November 22nd. Citigroup raised their target price on shares of The Sage Group from £135 ($169.70) to £145 ($182.28) and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Canaccord Genuity Group raised their target price on shares of The Sage Group from GBX 970 ($12.19) to GBX 1,090 ($13.70) and gave the stock a “sell” rating in a research report on Friday, November 22nd.

Insider Transactions at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.96), for a total value of £889,000 ($1,117,536.14). Company insiders own 1.08% of the company’s stock.

The Sage Group Stock Up 1.2 %

Shares of SGE opened at GBX 1,310.50 ($16.47) on Friday. The company’s 50-day simple moving average is GBX 1,047.33 and its 200-day simple moving average is GBX 1,054.07. The stock has a market capitalization of £13.06 billion, a PE ratio of 5,040.38, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a 1 year low of GBX 954.20 ($11.99) and a 1 year high of GBX 1,321 ($16.61). 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 firm also recently declared a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. This is a boost from The Sage Group’s previous dividend of $6.95. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 1.25%. The Sage Group’s payout ratio is 7,692.31%.

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.