The Sage Group plc (LON:SGE) Receives GBX 1,052.50 Average Price Target from Analysts

The Sage Group plc (LON:SGE - Get Free Report) has been assigned a consensus recommendation of "Hold" from the nine analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 1,052.50 ($13.00).

Several research firms have recently commented on SGE. Canaccord Genuity Group restated a "sell" rating and set a GBX 970 ($11.98) price objective on shares of The Sage Group in a report on Tuesday, February 27th. Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research report on Thursday, February 29th.

Insiders Place Their Bets

In other The Sage Group news, insider Sangeeta Anand bought 1,000 shares of the firm's stock in a transaction on Tuesday, January 30th. The shares were acquired at an average cost of GBX 1,208 ($14.92) per share, for a total transaction of £12,080 ($14,920.95). Corporate insiders own 0.73% of the company's stock.

The Sage Group Stock Up 1.8 %

Shares of LON SGE traded up GBX 21 ($0.26) during midday trading on Tuesday, hitting GBX 1,165.50 ($14.40). 1,763,727 shares of the stock traded hands, compared to its average volume of 2,937,647. The company has a market cap of £11.66 billion, a PE ratio of 5,827.50, a P/E/G ratio of 3.21 and a beta of 0.57. The Sage Group has a one year low of GBX 793.80 ($9.80) and a one year high of GBX 1,285 ($15.87). The business has a 50 day moving average price of GBX 1,217.47 and a two-hundred day moving average price of GBX 1,141.26. The company has a debt-to-equity ratio of 89.34, a quick ratio of 0.58 and a current ratio of 0.94.

The Sage Group Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were paid a GBX 12.75 ($0.16) dividend. This is a positive change from The Sage Group's previous dividend of $6.55. This represents a yield of 1.28%. The ex-dividend date was Thursday, January 11th. The Sage Group's dividend payout ratio is currently 9,500.00%.

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.