The Sage Group plc (LON:SGE) Given Average Recommendation of "Hold" by Brokerages

The Sage Group plc (LON:SGE - Get Free Report) has been assigned an average rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three 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 3,446.67 ($45.87).

A number of research firms recently weighed in on SGE. Canaccord Genuity Group restated a "sell" rating and set a GBX 1,090 ($14.51) target price on shares of The Sage Group in a research note on Thursday, January 30th. Shore Capital reissued a "hold" rating on shares of The Sage Group in a research report on Wednesday, May 7th.

The Sage Group Trading Down 3.8%

LON:SGE opened at GBX 1,230.56 ($16.38) on Friday. The company's 50 day moving average price is GBX 1,199.54 and its 200-day moving average price is GBX 1,233.48. The Sage Group has a 52 week low of GBX 954.20 ($12.70) and a 52 week high of GBX 1,349 ($17.95). The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The stock has a market cap of £12.18 billion, a price-to-earnings ratio of 47.83, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported GBX 20.80 ($0.28) 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%. On average, equities research analysts forecast that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group declared that its board has initiated a share buyback 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 usually an indication that the company's management believes its stock is undervalued.

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.

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