The Sage Group (LON:SGE) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

The Sage Group plc (LON:SGE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,185.09 ($15.26) and traded as high as GBX 1,217.50 ($15.68). The Sage Group shares last traded at GBX 1,210 ($15.58), with a volume of 250,125,063 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SGE. Canaccord Genuity Group restated a “sell” rating and issued a GBX 1,090 ($14.03) price objective on shares of The Sage Group in a research report on Thursday, January 30th. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Citigroup reiterated a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 3,446.67 ($44.38).

The Sage Group Stock Performance

The firm has a market capitalization of £11.98 billion, a P/E ratio of 47.03, a P/E/G ratio of 1.22 and a beta of 0.53. The stock has a fifty day moving average of GBX 1,277.54 and a 200-day moving average of GBX 1,185.09. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00.

The Sage Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were issued a GBX 13.50 ($0.17) dividend. The ex-dividend date was Thursday, January 9th. This is an increase from The Sage Group’s previous dividend of $6.95. This represents a dividend yield of 1.25%. The Sage Group’s dividend payout ratio (DPR) is 77.74%.

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.