The Sage Group (LON:SGE) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

The Sage Group plc (LON:SGE - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,211.64 ($16.28) and traded as high as GBX 1,217 ($16.35). The Sage Group shares last traded at GBX 1,198 ($16.10), with a volume of 2,080,151 shares traded.

Analyst Upgrades and Downgrades

SGE has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a "sell" rating and set a GBX 1,090 ($14.64) price target on shares of The Sage Group in a report on Thursday, January 30th. Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Citigroup reaffirmed a "buy" rating on shares of The Sage Group in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of GBX 3,446.67 ($46.31).

The Sage Group Price Performance

The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The business has a 50 day simple moving average of GBX 1,201.26 and a 200-day simple moving average of GBX 1,211.64. The stock has a market cap of £11.86 billion, a P/E ratio of 46.57, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were given a dividend of GBX 13.50 ($0.18) per share. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend was 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 currently 77.74%.

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.

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