The Sage Group (LON:SGE) Price Target Raised to £145

The Sage Group (LON:SGE - Free Report) had its price objective hoisted by Citigroup from £135 ($169.24) to £145 ($181.77) in a research report sent to investors on Friday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. cut their price target on 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 report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, The Sage Group currently has an average rating of "Hold" and an average target price of GBX 3,481.67 ($43.65).

The Sage Group Price Performance

Shares of LON:SGE traded up GBX 20.50 ($0.26) during midday trading on Friday, hitting GBX 1,286 ($16.12). The company's stock had a trading volume of 2,606,288 shares, compared to its average volume of 4,470,858. The Sage Group has a 12-month low of GBX 954.20 ($11.96) and a 12-month high of GBX 1,320 ($16.55). The company has a market cap of £12.81 billion, a P/E ratio of 4,913.94, a price-to-earnings-growth 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 business's 50 day simple moving average is GBX 1,029.36 and its 200 day simple moving average is GBX 1,052.16.

The Sage Group Increases Dividend

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

Insider Transactions at The Sage Group

In other news, insider Jonathan Howell sold 70,000 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.92), for a total transaction of £889,000 ($1,114,454.06). Company 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.