The Sage Group (LON:SGE) Price Target Raised to GBX 1,090

The Sage Group (LON:SGE - Free Report) had its price objective boosted by Canaccord Genuity Group from GBX 970 ($12.21) to GBX 1,090 ($13.72) in a research note released on Friday, Marketbeat.com reports. The brokerage currently has a sell rating on the stock.

A number of other research analysts also recently weighed in on the stock. Citigroup increased their target price on shares of The Sage Group from £135 ($169.96) to £145 ($182.55) and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. decreased their target price on The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an "overweight" rating for the company in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of GBX 3,481.67 ($43.83).

The Sage Group Stock Up 1.0 %

SGE stock traded up GBX 12.13 ($0.15) during trading on Friday, reaching GBX 1,277.63 ($16.08). The stock had a trading volume of 2,860,762 shares, compared to its average volume of 4,470,858. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The company has a market capitalization of £12.73 billion, a price-to-earnings ratio of 4,913.94, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a one year low of GBX 954.20 ($12.01) and a one year high of GBX 1,320 ($16.62). The company's 50 day moving average is GBX 1,029.36 and its two-hundred day moving average is GBX 1,052.16.

The Sage Group Increases Dividend

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

Insider Activity at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.99), for a total transaction of £889,000 ($1,119,224.47). 1.08% of the stock is owned by 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.