The Sage Group (LON:SGE) Shares Cross Above 200-Day Moving Average - Should You Sell?

Shares of The Sage Group plc (LON:SGE - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,177.07 ($15.20) and traded as high as GBX 1,196.50 ($15.45). The Sage Group shares last traded at GBX 1,173 ($15.15), with a volume of 390,530,250 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on SGE shares. Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 1,170 ($15.11) to GBX 1,350 ($17.43) and gave the stock a "hold" rating in a report on Friday, November 22nd. Citigroup reaffirmed a "buy" rating on shares of The Sage Group in a research note on Tuesday, January 7th. Canaccord Genuity Group boosted their target price on shares of The Sage Group from GBX 970 ($12.52) to GBX 1,090 ($14.07) and gave the company a "sell" rating in a research note on Friday, November 22nd. Canaccord Genuity Group restated a "sell" rating and set a GBX 1,090 ($14.07) price target on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Shore Capital reiterated a "hold" rating on shares of The Sage Group in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, The Sage Group presently has an average rating of "Hold" and an average target price of GBX 3,446.67 ($44.50).

The Sage Group Trading Up 0.0 %

The company's fifty day simple moving average is GBX 1,281.93 and its 200-day simple moving average is GBX 1,178.47. The firm has a market capitalization of £11.77 billion, a PE ratio of 46.22, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58.

Remove Ads

The Sage Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 9th were issued a GBX 13.50 ($0.17) dividend. This represents a yield of 1.25%. This is a boost from The Sage Group's previous dividend of $6.95. The ex-dividend date of this dividend was Thursday, January 9th. The Sage Group's payout ratio is presently 77.74%.

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.