The Sage Group (LON:SGE) had its price objective lifted by Barclays from GBX 550 ($7.19) to GBX 580 ($7.58) in a report published on Monday morning, ThisIsMoney.Co.Uk reports. Barclays currently has an underweight rating on the stock.
A number of other brokerages also recently weighed in on SGE. UBS Group downgraded CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a report on Monday, May 20th. Jefferies Financial Group restated a hold rating and set a $75.00 price objective on shares of Bayerische Motoren Werke in a research report on Tuesday, May 7th. Shore Capital reiterated a buy rating on shares of The Sage Group in a research report on Friday, May 17th. JPMorgan Chase & Co. set a $90.00 price objective on Duke Energy and gave the stock a hold rating in a research note on Monday, May 20th. Finally, Numis Securities reissued a buy rating and issued a GBX 340 ($4.44) price objective on shares of BT Group in a research note on Monday, May 20th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 645.50 ($8.43).
Shares of LON SGE traded down GBX 1.20 ($0.02) during midday trading on Monday, hitting GBX 810.80 ($10.59). The stock had a trading volume of 1,889,504 shares, compared to its average volume of 3,690,000. The company has a market cap of $8.81 billion and a P/E ratio of 28.25. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 55.89. The Sage Group has a 1-year low of GBX 491.30 ($6.42) and a 1-year high of GBX 826 ($10.79). The business has a fifty day moving average of GBX 776.58.
The business also recently declared a dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 30th were given a GBX 5.79 ($0.08) dividend. The ex-dividend date was Thursday, May 30th. This represents a dividend yield of 0.78%. The Sage Group’s dividend payout ratio is currently 0.59%.
In other news, insider Annette Court purchased 1,350 shares of the company’s stock in a transaction on Friday, May 17th. The shares were purchased at an average price of GBX 746 ($9.75) per share, with a total value of £10,071 ($13,159.55). Also, insider Cath Keers bought 40,976 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average cost of GBX 517 ($6.76) per share, for a total transaction of £211,845.92 ($276,814.22).
The Sage Group Company Profile
The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.
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