The Sage Group plc (LON:SGE) Receives Average Recommendation of “Hold” from Analysts

Shares of The Sage Group plc (LON:SGE) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 1,052.50 ($13.00).

A number of equities research analysts have weighed in on SGE shares. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Thursday, February 29th. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 970 ($11.98) target price on shares of The Sage Group in a research report on Tuesday, February 27th.

The Sage Group Trading Up 1.1 %

Shares of SGE opened at GBX 1,173 ($14.49) on Tuesday. The Sage Group has a 12-month low of GBX 796.40 ($9.84) and a 12-month high of GBX 1,285 ($15.87). The firm has a market capitalization of £11.73 billion, a price-to-earnings ratio of 5,865.00, a P/E/G ratio of 3.21 and a beta of 0.57. The stock’s 50-day moving average price is GBX 1,217.39 and its 200 day moving average price is GBX 1,143.93. The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 89.34.

The Sage Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 9th. Investors of record on Thursday, January 11th were given a dividend of GBX 12.75 ($0.16) per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a dividend yield of 1.28%. This is a boost from The Sage Group’s previous dividend of $6.55. The Sage Group’s dividend payout ratio (DPR) is 9,500.00%.

Insider Buying and Selling at The Sage Group

In other news, insider Sangeeta Anand acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was bought at an average price of GBX 1,208 ($14.92) per share, with a total value of £12,080 ($14,920.95). Company insiders own 0.73% 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.