The Sage Group plc (LON:SGE) Given Consensus Recommendation of "Hold" by 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 received an average recommendation of "Hold" from the seven brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 3,500.

Several equities analysts recently commented on the stock. Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research report on Wednesday, July 30th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,480 price target on shares of The Sage Group in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 1,350 price target on shares of The Sage Group in a research report on Thursday, July 31st. Canaccord Genuity Group dropped 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 research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,500 price target on shares of The Sage Group in a research report on Wednesday, July 2nd.

The Sage Group Trading Up 0.1%

Shares of LON:SGE traded up GBX 1.50 during trading on Friday, reaching GBX 1,086.50. The stock had a trading volume of 1,913,382 shares, compared to its average volume of 7,581,586. The business has a fifty day moving average price of GBX 1,191.74 and a 200-day moving average price of GBX 1,215.99. 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 £10.38 billion, a P/E ratio of 3,160.27, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a fifty-two week low of GBX 960 and a fifty-two week high of GBX 1,349.

The Sage Group declared 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 usually a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other The Sage Group news, insider Steve Hare acquired 3,076 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was bought at an average price of GBX 1,206 per share, with a total value of £37,096.56. Company insiders own 0.95% of the company's stock.

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.