Brokerages Set The Sage Group plc (LON:SGE) Target Price at GBX 3,446.67

Shares of The Sage Group plc (LON:SGE - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 3,446.67 ($46.93).

Separately, Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a report on Wednesday, May 7th.

The Sage Group Stock Performance

Shares of LON SGE traded down GBX 11 ($0.15) during midday trading on Tuesday, reaching GBX 1,262 ($17.18). The company's stock had a trading volume of 2,018,992 shares, compared to its average volume of 9,771,951. The stock has a market capitalization of £12.49 billion, a P/E ratio of 49.06, a PEG ratio of 1.22 and a beta of 0.53. 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 firm has a 50 day moving average price of GBX 1,217.31 and a 200-day moving average price of GBX 1,256.72. The Sage Group has a 12-month low of GBX 960 ($13.07) and a 12-month high of GBX 1,349 ($18.37).

The Sage Group (LON:SGE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported GBX 20.80 ($0.28) earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. As a group, equities analysts predict that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group declared that its board has approved 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 generally an indication that the company's board of directors believes its shares are 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.