Analysts Set The Sage Group plc (LON:SGE) Target Price at GBX 1,173

Shares of The Sage Group plc (LON:SGE - Get Free Report) have been assigned an average rating of "Hold" from the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 3,481.67 ($43.65).

Several research firms have recently issued reports on SGE. Citigroup upped their target price on shares of The Sage Group from £135 ($169.24) to £145 ($181.77) and gave the stock a "buy" rating in a research note on Friday. Canaccord Genuity Group increased their price objective on shares of The Sage Group from GBX 970 ($12.16) to GBX 1,090 ($13.66) and gave the company a "sell" rating in a research note on Friday. JPMorgan Chase & Co. cut their target price on The Sage Group from GBX 1,300 ($16.30) to GBX 1,250 ($15.67) and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on The Sage Group from GBX 1,170 ($14.67) to GBX 1,350 ($16.92) and gave the company a "hold" rating in a report on Friday.

The Sage Group Stock Up 1.6 %

SGE stock traded up GBX 20.50 ($0.26) during midday trading on Friday, reaching GBX 1,286 ($16.12). 2,606,288 shares of the company's stock traded hands, compared to its average volume of 4,470,858. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The firm's fifty day moving average price is GBX 1,029.36 and its 200-day moving average price is GBX 1,052.16. The Sage Group has a 52 week low of GBX 954.20 ($11.96) and a 52 week high of GBX 1,320 ($16.55). The company has a market cap of £12.81 billion, a price-to-earnings ratio of 4,913.94, a P/E/G ratio of 1.22 and a beta of 0.53.

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 dividend of GBX 13.50 ($0.17) per share. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from The Sage Group's previous dividend of $6.95. This represents a yield of 1.25%. The Sage Group's dividend payout ratio is currently 7,692.31%.

Insider Transactions at The Sage Group

In other news, insider Jonathan Howell sold 70,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.92), for a total transaction of £889,000 ($1,114,454.06). Company insiders own 1.08% of the company's stock.

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.