The Sage Group (LON:SGE) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has maintained a "hold" rating for The Sage Group (LON:SGE) and set a price target of GBX 1,350 ($17.90), indicating a potential upside of 10.02% from its current price.
• The company's stock showed an increase of 2.2% to reach GBX 1,227 ($16.27) on the trading day, with an average rating of "Hold" and an average price target of GBX 3,904 ($51.76).
• In recent insider trading, CEO Steve Hare purchased 3,076 shares, signaling confidence in the company's valuation.

The Sage Group (LON:SGE - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,350 ($17.94) price objective on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 13.37% from the company's current price.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 1,500 ($19.94) price target on shares of The Sage Group in a research note on Wednesday, July 2nd. Canaccord Genuity Group reduced their price objective on shares of The Sage Group from GBX 1,090 ($14.49) to GBX 1,080 ($14.35) and set a "sell" rating on the stock in a report on Thursday. Finally, Shore Capital restated a "hold" rating on shares of The Sage Group in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, The Sage Group currently has a consensus rating of "Hold" and a consensus price target of GBX 3,500 ($46.52).

The Sage Group Trading Down 0.7%

Shares of LON:SGE traded down GBX 8.26 ($0.11) during mid-day trading on Thursday, reaching GBX 1,190.76 ($15.83). 2,390,702 shares of the company were exchanged, compared to its average volume of 8,208,065. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market cap of £11.79 billion, a price-to-earnings ratio of 46.29, a P/E/G ratio of 1.22 and a beta of 0.53. The firm's 50-day simple moving average is GBX 1,242.57 and its 200 day simple moving average is GBX 1,243.29. The Sage Group has a 1 year low of GBX 960 ($12.76) and a 1 year high of GBX 1,349 ($17.93).

The Sage Group (LON:SGE - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported GBX 20.80 ($0.28) earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. Equities research analysts forecast that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group announced that its Board of Directors has approved a stock buyback program on Thursday, May 15th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Steve Hare purchased 3,076 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were purchased at an average cost of GBX 1,206 ($16.03) per share, for a total transaction of £37,096.56 ($49,304.31). 1.08% of the stock is owned by corporate 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.