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

The Sage Group plc (LON:SGE - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are covering the firm, MarketBeat.com reports. One 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 twelve-month target price among brokers that have covered the stock in the last year is GBX 3,918 ($49.71).

Several research firms have recently weighed in on SGE. Canaccord Genuity Group lifted their target price on The Sage Group from GBX 970 ($12.31) to GBX 1,090 ($13.83) and gave the stock a "sell" rating in a research report on Friday, November 22nd. Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Sage Group from GBX 1,170 ($14.84) to GBX 1,350 ($17.13) and gave the company a "hold" rating in a research report on Friday, November 22nd. Finally, Citigroup raised their target price on shares of The Sage Group from £135 ($171.28) to £145 ($183.96) and gave the stock a "buy" rating in a research report on Friday, November 22nd.

The Sage Group Stock Performance

The business's 50-day simple moving average is GBX 1,120.69 and its 200 day simple moving average is GBX 1,067.81. The Sage Group has a one year low of GBX 954.20 ($12.11) and a one year high of GBX 1,321 ($16.76). 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 company has a market cap of £12.87 billion, a price-to-earnings ratio of 5,021.15, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. The ex-dividend date is Thursday, January 9th. This is an increase from The Sage Group's previous dividend of $6.95. This represents a yield of 1.25%. The Sage Group's payout ratio is currently 7,692.31%.

Insider Activity

In related news, insider Jonathan Howell sold 27,844 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.62), for a total transaction of £364,756.40 ($462,771.38). Company insiders own 1.08% of the company's stock.

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.