The Sage Group (LON:SGE) Earns Hold Rating from Shore Capital

The Sage Group (LON:SGE)‘s stock had its “hold” rating reiterated by equities research analysts at Shore Capital in a research note issued on Thursday,Digital Look reports.

SGE has been the subject of a number of other reports. Citigroup reissued a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Canaccord Genuity Group upped their price objective on The Sage Group from GBX 970 ($12.08) to GBX 1,090 ($13.57) and gave the stock a “sell” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Sage Group from GBX 1,170 ($14.57) to GBX 1,350 ($16.81) and gave the company a “hold” rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, The Sage Group currently has a consensus rating of “Hold” and an average target price of GBX 3,446.67 ($42.91).

The Sage Group Stock Down 0.5 %

Shares of LON SGE traded down GBX 6.82 ($0.08) during midday trading on Thursday, hitting GBX 1,329.68 ($16.55). The company’s stock had a trading volume of 4,066,540 shares, compared to its average volume of 15,406,581. The Sage Group has a 1 year low of GBX 954.20 ($11.88) and a 1 year high of GBX 1,342 ($16.71). The business’s fifty day simple moving average is GBX 1,295.51 and its two-hundred day simple moving average is GBX 1,120.02. The firm has a market capitalization of £13.25 billion, a price-to-earnings ratio of 5,114.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58.

The Sage Group (LON:SGE) last posted its quarterly earnings data on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) earnings per share for the quarter. The Sage Group had a return on equity of 22.31% and a net margin of 11.87%. On average, equities analysts predict that The Sage Group will post 42.1496095 EPS for the current year.

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 dated Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.81), for a total transaction of £889,000 ($1,106,822.71). Company insiders own 1.08% of the company’s stock.

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.