The Sage Group plc (LON:SGE) Receives GBX 3,446.67 Consensus Target Price from Brokerages

Shares of The Sage Group plc (LON:SGE - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 3,446.67 ($46.22).

SGE has been the topic of a number of research reports. Canaccord Genuity Group restated a "sell" rating and set a GBX 1,090 ($14.62) price objective on shares of The Sage Group in a research report on Thursday, January 30th. Shore Capital reiterated a "hold" rating on shares of The Sage Group in a research report on Wednesday, May 7th.

The Sage Group Price Performance

SGE stock traded up GBX 10.50 ($0.14) during midday trading on Friday, reaching GBX 1,238.50 ($16.61). 1,179,125 shares of the stock were exchanged, compared to its average volume of 10,986,306. The stock has a market capitalization of £12.26 billion, a PE ratio of 48.14, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a 52 week low of GBX 960 ($12.87) and a 52 week high of GBX 1,349 ($18.09). 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 company has a fifty day moving average price of GBX 1,202.65 and a 200 day moving average price of GBX 1,239.86.

The Sage Group (LON:SGE - Get Free Report) last issued 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 return on equity of 24.48% and a net margin of 11.87%. As a group, analysts expect that The Sage Group will post 42.1496095 EPS for the current fiscal year.

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

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.