The Sage Group plc (LON:SGE) Receives GBX 3,446.67 Consensus Price Target from Analysts

Shares of The Sage Group plc (LON:SGE) have been given an average rating of “Hold” by the seven analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 3,446.67 ($44.61).

Several brokerages have recently weighed in on SGE. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($14.11) target price on shares of The Sage Group in a research report on Thursday, January 30th. Citigroup restated a “buy” rating on shares of The Sage Group in a research note on Tuesday, January 7th. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Thursday, January 30th.

The Sage Group Stock Performance

LON:SGE opened at GBX 1,210 ($15.66) on Thursday. The firm’s 50-day moving average is GBX 1,273.49 and its 200-day moving average is GBX 1,186.55. The company has a market cap of £11.98 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The Sage Group has a 52-week low of GBX 954.20 ($12.35) and a 52-week high of GBX 1,349 ($17.46).

The Sage Group Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were paid a dividend of GBX 13.50 ($0.17) per share. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, January 9th. This is a positive change from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio is 77.74%.

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.