The Sage Group (LON:SGE) Receives “Hold” Rating from Panmure Gordon

Panmure Gordon reiterated their hold rating on shares of The Sage Group (LON:SGE) in a report published on Thursday morning, MarketBeat reports. They currently have a GBX 1,300 price objective on the stock.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of The Sage Group in a report on Thursday, September 11th. Canaccord Genuity Group upgraded shares of The Sage Group to a “hold” rating and raised their price target for the company from GBX 1,080 to GBX 1,100 in a research report on Monday, November 3rd. Jefferies Financial Group lifted their price objective on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a report on Thursday. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,350 target price on shares of The Sage Group in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 3,155.71.

The Sage Group Trading Down 1.1%

Shares of LON:SGE opened at GBX 1,073 on Thursday. 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 has a 52-week low of GBX 1,034.50 and a 52-week high of GBX 1,349. The stock has a market cap of £10.25 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 1.22 and a beta of 0.53. The business has a 50-day moving average price of GBX 1,117.65 and a 200-day moving average price of GBX 1,173.58.

The Sage Group (LON:SGE) last issued its quarterly earnings results on Wednesday, November 19th. The company reported GBX 43.20 earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. Equities analysts predict that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group declared that its Board of Directors has approved a share buyback program on Wednesday, November 19th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.