The Sage Group (LON:SGE) Price Target Raised to GBX 1,350

The Sage Group (LON:SGE) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 1,170 ($14.73) to GBX 1,350 ($17.00) in a research report sent to investors on Friday morning, Marketbeat reports. The firm currently has a hold rating on the stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reduced their target price on The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Canaccord Genuity Group boosted their price target on The Sage Group from GBX 970 ($12.22) to GBX 1,090 ($13.73) and gave the stock a “sell” rating in a research report on Friday. Finally, Citigroup boosted their price target on The Sage Group from £135 ($170.00) to £145 ($182.60) and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 3,918 ($49.34).

The Sage Group Stock Up 1.0 %

SGE stock opened at GBX 1,277.63 ($16.09) on Friday. The Sage Group has a fifty-two week low of GBX 954.20 ($12.02) and a fifty-two week high of GBX 1,320 ($16.62). The business’s 50 day moving average price is GBX 1,035.08 and its two-hundred day moving average price is GBX 1,052.24. 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 company has a market capitalization of £12.73 billion, a price-to-earnings ratio of 4,946.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be given a GBX 13.50 ($0.17) dividend. This is a boost from The Sage Group’s previous dividend of $6.95. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, January 9th. The Sage Group’s payout ratio is currently 7,692.31%.

Insider Transactions at The Sage Group

In related 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 ($15.99), for a total value of £889,000 ($1,119,506.36). 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.