The Sage Group's (SGE) "Hold" Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their hold rating on shares of The Sage Group (LON:SGE - Free Report) in a research note issued to investors on Wednesday morning, Marketbeat reports.

A number of other equities research analysts have also commented on SGE. Canaccord Genuity Group reaffirmed a "sell" rating and set a GBX 1,090 ($14.50) price target on shares of The Sage Group in a research report on Thursday, January 30th. Citigroup restated a "buy" rating on shares of The Sage Group in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of GBX 3,446.67 ($45.85).

The Sage Group Trading Up 0.2 %

Shares of SGE stock traded up GBX 2.50 ($0.03) on Wednesday, hitting GBX 1,267.50 ($16.86). The stock had a trading volume of 1,279,289 shares, compared to its average volume of 11,753,032. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The Sage Group has a twelve month low of GBX 954.20 ($12.69) and a twelve month high of GBX 1,349 ($17.95). The company has a fifty day moving average price of GBX 1,196.88 and a two-hundred day moving average price of GBX 1,226.67. The firm has a market cap of £12.54 billion, a P/E ratio of 49.27, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were given a dividend of GBX 13.50 ($0.18) per share. This is a positive change from The Sage Group's previous dividend of $6.95. The ex-dividend date was Thursday, January 9th. This represents a dividend yield of 1.25%. The Sage Group's payout ratio is 77.74%.

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.