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 recommendation of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 3,446.67 ($45.74).

SGE has been the topic of a number of analyst reports. Canaccord Genuity Group reissued a "sell" rating and issued a GBX 1,090 ($14.47) price target on shares of The Sage Group in a research note on Thursday, January 30th. Citigroup reissued a "buy" rating on shares of The Sage Group in a research note on Tuesday, January 7th. Finally, Shore Capital reiterated a "hold" rating on shares of The Sage Group in a research report on Thursday, January 30th.

The Sage Group Trading Down 0.5 %

The Sage Group stock traded down GBX 5.88 ($0.08) during trading hours on Monday, reaching GBX 1,182.12 ($15.69). 1,901,867 shares of the company's stock traded hands, compared to its average volume of 13,040,743. The Sage Group has a fifty-two week low of GBX 954.20 ($12.66) and a fifty-two week high of GBX 1,349 ($17.90). The firm's 50 day moving average is GBX 1,208.96 and its 200-day moving average is GBX 1,205.07. 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 firm has a market capitalization of £11.70 billion, a price-to-earnings ratio of 45.95, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were paid a dividend of GBX 13.50 ($0.18) per share. This represents a yield of 1.25%. This is an increase from The Sage Group's previous dividend of $6.95. The ex-dividend date was Thursday, January 9th. The Sage Group's dividend payout ratio is presently 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.