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

The Sage Group plc (LON:SGE) has earned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 3,446.67 ($44.76).

A number of research firms have weighed in on SGE. Canaccord Genuity Group reissued a “sell” rating and set a GBX 1,090 ($14.15) price objective on shares of The Sage Group in a research note on Thursday, January 30th. Citigroup reissued a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Finally, Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research note on Thursday, January 30th.

The Sage Group Trading Down 2.2 %

Shares of The Sage Group stock opened at GBX 1,203.50 ($15.63) on Thursday. 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 stock’s 50 day simple moving average is GBX 1,267.25 and its 200-day simple moving average is GBX 1,192.66. The stock has a market cap of £11.91 billion, a P/E ratio of 46.78, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a 1-year low of GBX 954.20 ($12.39) and a 1-year high of GBX 1,349 ($17.52).

The Sage Group Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were given a GBX 13.50 ($0.18) dividend. The ex-dividend date was Thursday, January 9th. This represents a yield of 1.25%. This is a boost from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio is presently 77.74%.

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.