JPMorgan Chase & Co. Reaffirms Overweight Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGE - Get Free Report)'s stock had its "overweight" rating restated by equities researchers at JPMorgan Chase & Co. in a report released on Wednesday, Marketbeat reports. They currently have a GBX 1,500 ($20.48) price target on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 23.66% from the company's current price.

Separately, Shore Capital reiterated a "hold" rating on shares of The Sage Group in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of GBX 3,906 ($53.32).

The Sage Group Trading Up 0.7%

LON SGE traded up GBX 8.50 ($0.12) during mid-day trading on Wednesday, hitting GBX 1,213 ($16.56). The company's stock had a trading volume of 2,126,655 shares, compared to its average volume of 9,130,745. The firm has a market capitalization of £12.01 billion, a P/E ratio of 47.15, a price-to-earnings-growth 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 Sage Group has a 52-week low of GBX 960 ($13.11) and a 52-week high of GBX 1,349 ($18.42). The stock's fifty day simple moving average is GBX 1,246.67 and its two-hundred day simple moving average is GBX 1,251.62.

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

The Sage Group announced that its board has initiated a share repurchase plan on Thursday, May 15th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership 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.