The Sage Group (LON:SGE) Stock Price Passes Above 200-Day Moving Average - Here's Why

The Sage Group plc (LON:SGE - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,169.95 ($15.15) and traded as high as GBX 1,240.50 ($16.07). The Sage Group shares last traded at GBX 1,219.50 ($15.80), with a volume of 4,412,869 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 1,170 ($15.16) to GBX 1,350 ($17.49) and gave the company a "hold" rating in a report on Friday, November 22nd. Canaccord Genuity Group lifted their price objective on The Sage Group from GBX 970 ($12.56) to GBX 1,090 ($14.12) and gave the stock a "sell" rating in a report on Friday, November 22nd. Canaccord Genuity Group reissued a "sell" rating and set a GBX 1,090 ($14.12) price target on shares of The Sage Group in a research report on Thursday, January 30th. Shore Capital restated a "hold" rating on shares of The Sage Group in a research note on Thursday, January 30th. Finally, Citigroup restated a "buy" rating on shares of The Sage Group in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, The Sage Group currently has an average rating of "Hold" and a consensus target price of GBX 3,446.67 ($44.65).

The Sage Group Stock Performance

The stock has a market capitalization of £11.86 billion, a P/E ratio of 46.59, a P/E/G ratio of 1.22 and a beta of 0.53. The stock has a 50 day moving average of GBX 1,294.80 and a 200 day moving average of GBX 1,172.51. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76.

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The Sage Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were paid a GBX 13.50 ($0.17) dividend. This is a boost from The Sage Group's previous dividend of $6.95. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 1.25%. The Sage Group's dividend 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.