The Sage Group plc (LON:SGE) Receives GBX 3,500 Consensus Target Price from Analysts

Key Points

• The Sage Group plc has been given a consensus rating of "Hold" by seven brokerages, with two sell ratings, two hold ratings, and three buy ratings.
• The average 12-month price target for The Sage Group stock is GBX 3,500, while its current market price is around GBX 1,101.
• The company announced a share buyback plan, indicating that management believes the stock is undervalued.

Shares of The Sage Group plc (LON:SGE - Get Free Report) have earned a consensus rating of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment 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 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,500.

A number of brokerages have recently issued reports on SGE. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,350 price target on shares of The Sage Group in a report on Thursday, July 31st. Canaccord Genuity Group cut their price target on shares of The Sage Group from GBX 1,090 to GBX 1,080 and set a "sell" rating for the company in a report on Thursday, July 31st. Shore Capital reiterated a "hold" rating on shares of The Sage Group in a report on Wednesday, July 30th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,480 price target on shares of The Sage Group in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 1,500 price target on shares of The Sage Group in a report on Wednesday, July 2nd.

The Sage Group Stock Performance

LON:SGE traded down GBX 4 during trading hours on Friday, reaching GBX 1,085. 3,333,195 shares of the company's stock were exchanged, compared to its average volume of 7,579,195. The firm has a market capitalization of £10.74 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 1.22 and a beta of 0.53. 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 Sage Group has a 1-year low of GBX 960 and a 1-year high of GBX 1,349. The company has a 50-day moving average of GBX 1,198.64 and a 200 day moving average of GBX 1,219.21.

The Sage Group announced that its Board of Directors has approved a share buyback plan on Thursday, May 15th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's management believes its shares are undervalued.

Insider Activity

In other The Sage Group news, insider Steve Hare purchased 3,076 shares of The Sage Group stock in a transaction on Thursday, July 3rd. The shares were bought at an average price of GBX 1,206 per share, with a total value of £37,096.56. 1.08% of the stock is owned by company 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.