The Sage Group (LON:SGE) Price Target Lowered to GBX 1,150 at Deutsche Bank Aktiengesellschaft

The Sage Group (LON:SGE) had its price objective reduced by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 1,200 to GBX 1,150 in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 14.09% from the company’s previous close.

A number of other equities research analysts also recently commented on SGE. Canaccord Genuity Group restated a “hold” rating and issued a GBX 1,100 price objective on shares of The Sage Group in a research report on Thursday, November 20th. Panmure Gordon reiterated a “hold” rating and set a GBX 1,300 target price on shares of The Sage Group in a report on Thursday, November 20th. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective 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. Finally, Jefferies Financial Group lifted their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a research note 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,240.

The Sage Group Stock Performance

SGE stock traded up GBX 18.40 during midday trading on Wednesday, reaching GBX 1,008. The stock had a trading volume of 4,927,326 shares, compared to its average volume of 7,935,659. The firm has a fifty day simple moving average of GBX 1,069.32 and a two-hundred day simple moving average of GBX 1,112.36. 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 has a 52-week low of GBX 988.40 and a 52-week high of GBX 1,349. The stock has a market cap of £9.58 billion, a PE ratio of 27.13, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last announced its quarterly earnings data on Wednesday, November 19th. The company reported GBX 43.20 earnings per share (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 anticipate that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group declared that its board has initiated a stock repurchase plan on Wednesday, November 19th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at The Sage Group

In related news, insider Jonathan Howell sold 88,727 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total transaction of £944,942.55. Also, insider Steve Hare sold 127,828 shares of The Sage Group stock in a transaction dated Wednesday, December 3rd. The shares were 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.