The Sage Group (LON:SGE) Earns Buy Rating from Citigroup

Citigroup reissued their buy rating on shares of The Sage Group (LON:SGE - Free Report) in a report released on Tuesday, Marketbeat.com reports.

Several other analysts also recently weighed in on SGE. Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Sage Group from GBX 1,170 ($14.60) to GBX 1,350 ($16.84) and gave the company a "hold" rating in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group increased their target price on shares of The Sage Group from GBX 970 ($12.10) to GBX 1,090 ($13.60) and gave the company a "sell" rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 3,918 ($48.88).

The Sage Group Stock Performance

Shares of LON:SGE traded up GBX 11.71 ($0.15) during trading hours on Tuesday, hitting GBX 1,302.71 ($16.25). The stock had a trading volume of 1,448,956 shares, compared to its average volume of 1,915,671. The stock's fifty day simple moving average is GBX 1,197.18 and its 200 day simple moving average is GBX 1,091.98. The firm has a market capitalization of £12.98 billion, a price-to-earnings ratio of 5,010.41, a PEG ratio of 1.22 and a beta of 0.53. 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 1-year low of GBX 954.20 ($11.90) and a 1-year high of GBX 1,328.50 ($16.57).

The Sage Group Increases Dividend

The company 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 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 news, insider Jonathan Howell sold 27,844 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.34), for a total transaction of £364,756.40 ($455,035.43). 1.08% of the stock is owned by company insiders.

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.