Deutsche Bank Aktiengesellschaft Cuts The Sage Group (LON:SGE) Price Target to GBX 1,200

The Sage Group (LON:SGE) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 1,250 to GBX 1,200 in a report published on Tuesday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Shore Capital restated a “hold” rating on shares of The Sage Group in a report on Thursday, November 20th. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 1,100 target price on shares of The Sage Group in a research report on Thursday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating on the stock in a research note on Thursday, December 4th. Panmure Gordon reaffirmed a “hold” rating and set a GBX 1,300 price target on shares of The Sage Group in a report on Thursday, November 20th. Finally, Jefferies Financial Group boosted their price objective on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, The Sage Group currently has an average rating of “Hold” and a consensus price target of GBX 1,250.

The Sage Group Trading Down 0.2%

Shares of SGE opened at GBX 1,022.50 on Tuesday. The Sage Group has a fifty-two week low of GBX 1,004.33 and a fifty-two week high of GBX 1,349. The firm has a market cap of £9.72 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 1.22 and a beta of 0.53. The firm has a 50 day moving average price of GBX 1,072.85 and a 200-day moving average price of GBX 1,118.24. 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 Sage Group (LON:SGE) last issued its earnings results on Wednesday, November 19th. The company reported GBX 43.20 EPS for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. As a group, equities research analysts forecast that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 19th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 88,727 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £944,942.55. Also, insider Steve Hare sold 127,828 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £1,361,368.20. 0.95% of the stock is currently owned by company insiders.

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.