The Sage Group plc (LON:SGE) Receives GBX 3,918 Consensus Target Price from Analysts

Shares of The Sage Group plc (LON:SGE - Get Free Report) have earned a consensus rating of "Hold" from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 3,918 ($47.84).

SGE has been the subject of a number of research reports. Citigroup reaffirmed a "buy" rating on shares of The Sage Group in a report on Tuesday. Canaccord Genuity Group increased their price objective on shares of The Sage Group from GBX 970 ($11.84) to GBX 1,090 ($13.31) and gave the company a "sell" rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on The Sage Group from GBX 1,170 ($14.29) to GBX 1,350 ($16.48) and gave the stock a "hold" rating in a report on Friday, November 22nd. Finally, Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a report on Wednesday, December 4th.

Insiders Place Their Bets

In other news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.00), for a total transaction of £364,756.40 ($445,368.01). 1.08% of the stock is owned by company insiders.

The Sage Group Price Performance

LON:SGE traded down GBX 12.83 ($0.16) during trading hours on Friday, reaching GBX 1,285.67 ($15.70). 276,301,313 shares of the company were exchanged, compared to its average volume of 41,102,227. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The firm has a market cap of £12.81 billion, a PE ratio of 4,944.90, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group has a twelve month low of GBX 954.20 ($11.65) and a twelve month high of GBX 1,328.50 ($16.22). The stock's 50-day moving average is GBX 1,219.68 and its 200-day moving average is GBX 1,098.67.

The Sage Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be issued a GBX 13.50 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This is a positive change from The Sage Group's previous dividend of $6.95. This represents a yield of 1.25%. The Sage Group's dividend payout ratio (DPR) is 7,692.31%.

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.