The Sage Group (LON:SGE) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

The Sage Group (LON:SGE - Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from GBX 1,170 ($14.67) to GBX 1,350 ($16.92) in a research report sent to investors on Friday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued reports about the company. Citigroup upped their price target on The Sage Group from £135 ($169.24) to £145 ($181.77) and gave the stock a "buy" rating in a report on Friday. JPMorgan Chase & Co. cut their target price on shares of The Sage Group from GBX 1,300 ($16.30) to GBX 1,250 ($15.67) and set an "overweight" rating for the company in a research note on Wednesday, July 31st. Finally, Canaccord Genuity Group increased their price target on shares of The Sage Group from GBX 970 ($12.16) to GBX 1,090 ($13.66) and gave the company a "sell" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, The Sage Group presently has a consensus rating of "Hold" and a consensus price target of GBX 3,481.67 ($43.65).

The Sage Group Stock Performance

SGE traded up GBX 20.50 ($0.26) on Friday, hitting GBX 1,286 ($16.12). The company had a trading volume of 2,606,288 shares, compared to its average volume of 4,470,858. The Sage Group has a 1-year low of GBX 954.20 ($11.96) and a 1-year high of GBX 1,320 ($16.55). The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The company's fifty day moving average price is GBX 1,035.08 and its 200 day moving average price is GBX 1,052.99. The stock has a market cap of £12.81 billion, a price-to-earnings ratio of 4,946.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

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

Insiders Place Their Bets

In related news, insider Jonathan Howell sold 70,000 shares of The Sage Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.92), for a total value of £889,000 ($1,114,454.06). Insiders own 1.08% of the company's stock.

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.