The Sage Group plc (LON:SGE) Receives Average Rating of “Hold” from Brokerages

The Sage Group plc (LON:SGE) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,052.50 ($13.00).

Several research analysts have weighed in on SGE shares. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Thursday, February 29th. Canaccord Genuity Group restated a “sell” rating and set a GBX 970 ($11.98) price target on shares of The Sage Group in a research note on Tuesday, February 27th.

The Sage Group Stock Up 0.4 %

Shares of LON:SGE opened at GBX 1,144.50 ($14.14) on Tuesday. The company has a debt-to-equity ratio of 89.34, a quick ratio of 0.58 and a current ratio of 0.94. The company has a market cap of £11.45 billion, a PE ratio of 5,722.50, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57. The Sage Group has a 52 week low of GBX 793.80 ($9.80) and a 52 week high of GBX 1,285 ($15.87). The firm has a 50 day simple moving average of GBX 1,217.25 and a 200 day simple moving average of GBX 1,140.05.

The Sage Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were issued a GBX 12.75 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, January 11th. This is an increase from The Sage Group’s previous dividend of $6.55. This represents a yield of 1.28%. The Sage Group’s dividend payout ratio is 9,500.00%.

Insider Buying and Selling at The Sage Group

In related news, insider Sangeeta Anand purchased 1,000 shares of The Sage Group stock in a transaction on Tuesday, January 30th. The stock was purchased at an average cost of GBX 1,208 ($14.92) per share, with a total value of £12,080 ($14,920.95). Insiders own 0.73% of the company’s stock.

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.