The Sage Group (LON:SGE) Receives Sell Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their sell rating on shares of The Sage Group (LON:SGE - Free Report) in a research report report published on Thursday morning, MarketBeat reports. They currently have a GBX 1,090 ($13.39) target price on the stock.

Several other equities research analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Sage Group from GBX 1,170 ($14.38) to GBX 1,350 ($16.59) and gave the stock a "hold" rating in a research report on Friday, November 22nd. Shore Capital reiterated a "hold" rating on shares of The Sage Group in a report on Thursday. Canaccord Genuity Group increased their price objective on The Sage Group from GBX 970 ($11.92) to GBX 1,090 ($13.39) and gave the company a "sell" rating in a report on Friday, November 22nd. Finally, Citigroup reaffirmed a "buy" rating on shares of The Sage Group in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of GBX 3,446.67 ($42.35).

The Sage Group Price Performance

Shares of SGE traded up GBX 4.03 ($0.05) during trading hours on Thursday, reaching GBX 1,336.62 ($16.42). The stock had a trading volume of 1,432,115 shares, compared to its average volume of 14,515,719. 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 Sage Group has a 12 month low of GBX 954.20 ($11.72) and a 12 month high of GBX 1,348 ($16.56). The stock has a market capitalization of £13.32 billion, a PE ratio of 5,140.85, a PEG ratio of 1.22 and a beta of 0.53. The company's 50-day moving average is GBX 1,301.79 and its two-hundred day moving average is GBX 1,123.83.

The Sage Group (LON:SGE - Get Free Report) last posted its earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) EPS for the quarter. The Sage Group had a return on equity of 22.31% and a net margin of 11.87%. Research analysts expect that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be paid a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 1.25%. This is a boost from The Sage Group's previous dividend of $6.95. The Sage Group's dividend payout ratio (DPR) is currently 7,692.31%.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.60), for a total value of £889,000 ($1,092,271.78). 1.08% of the stock is currently owned by corporate insiders.

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.