Brokerages Set The Sage Group plc (LON:SGE) Price Target at GBX 3,446.67

The Sage Group plc (LON:SGE - Get Free Report) has earned a consensus rating of "Hold" from the seven analysts that are covering the firm, Marketbeat reports. 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. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 3,446.67 ($42.75).

A number of equities research analysts recently weighed in on SGE shares. Canaccord Genuity Group upped their price objective on The Sage Group from GBX 970 ($12.03) to GBX 1,090 ($13.52) and gave the stock a "sell" rating in a research note on Friday, November 22nd. Canaccord Genuity Group reissued a "sell" rating and set a GBX 1,090 ($13.52) price target on shares of The Sage Group in a research report on Thursday, January 30th. Shore Capital reiterated a "hold" rating on shares of The Sage Group in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Sage Group from GBX 1,170 ($14.51) to GBX 1,350 ($16.75) and gave the company a "hold" rating in a research note on Friday, November 22nd. Finally, Citigroup reissued a "buy" rating on shares of The Sage Group in a research report on Tuesday, January 7th.

Insider Buying and Selling at The Sage Group

In other news, insider Jonathan Howell sold 27,844 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.25), for a total transaction of £364,756.40 ($452,439.10). Company insiders own 1.08% of the company's stock.

The Sage Group Stock Down 0.3 %

LON SGE traded down GBX 4.49 ($0.06) during trading on Wednesday, reaching GBX 1,322.01 ($16.40). 2,022,202 shares of the company's stock traded hands, compared to its average volume of 12,924,831. The Sage Group has a 12-month low of GBX 954.20 ($11.84) and a 12-month high of GBX 1,349 ($16.73). The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The firm has a market cap of £13.17 billion, a price-to-earnings ratio of 5,084.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company's 50 day simple moving average is GBX 1,305.87 and its two-hundred day simple moving average is GBX 1,132.62.

The Sage Group (LON:SGE - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) earnings per share (EPS) for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 22.31%. As a group, sell-side analysts forecast that The Sage Group will post 42.1496095 EPS for the current fiscal year.

The Sage Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 11th. Investors 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 a positive change from The Sage Group's previous dividend of $6.95. The Sage Group's dividend payout ratio is currently 7,692.31%.

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.