Deutsche Bank Aktiengesellschaft Reaffirms "Hold" Rating for The Sage Group (LON:SGE)

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 restated by Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 1,350 ($17.92) price objective on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 12.35% from the stock's current price.

Several other research analysts have also recently issued reports on SGE. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 1,500 ($19.91) target price on shares of The Sage Group in a report on Wednesday, July 2nd. Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research report on Wednesday. Finally, Canaccord Genuity Group reduced their target price on The Sage Group from GBX 1,090 ($14.47) to GBX 1,080 ($14.34) and set a "sell" rating for the company in a report on Thursday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, The Sage Group has a consensus rating of "Hold" and a consensus target price of GBX 3,500 ($46.46).

The Sage Group Stock Down 1.5%

Shares of The Sage Group stock traded down GBX 18.37 ($0.24) during midday trading on Thursday, hitting GBX 1,201.63 ($15.95). The company had a trading volume of 1,270,099 shares, compared to its average volume of 8,205,709. The Sage Group has a 52-week low of GBX 960 ($12.74) and a 52-week high of GBX 1,349 ($17.91). 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 stock has a market capitalization of £11.89 billion, a P/E ratio of 46.71, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a 50 day moving average of GBX 1,242.57 and a 200 day moving average of GBX 1,243.67.

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

The Sage Group announced that its board has approved a share repurchase program on Thursday, May 15th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Steve Hare purchased 3,076 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were purchased at an average cost of GBX 1,206 ($16.01) per share, for a total transaction of £37,096.56 ($49,238.86). Corporate insiders own 1.08% 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.