The Sage Group (LON:SGE) had its price target boosted by Deutsche Bank Aktiengesellschaft from GBX 520 ($6.79) to GBX 570 ($7.45) in a research report report published on Tuesday, Price Targets.com reports. They currently have a sell rating on the stock.
Several other equities analysts have also recently issued reports on the company. Morgan Stanley reissued an equal weight rating on shares of The Sage Group in a research note on Monday, November 15th. Shore Capital reissued a hold rating on shares of The Sage Group in a research note on Wednesday, November 17th. Canaccord Genuity reaffirmed a hold rating and set a GBX 720 ($9.41) price target on shares of The Sage Group in a report on Friday, November 12th. Barclays reaffirmed an underweight rating and set a GBX 600 ($7.84) price target on shares of The Sage Group in a report on Thursday, November 18th. Finally, JPMorgan Chase & Co. increased their target price on The Sage Group from GBX 630 ($8.23) to GBX 720 ($9.41) and gave the company a neutral rating in a report on Friday, July 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Sage Group has a consensus rating of Hold and an average target price of GBX 708.33 ($9.25).
Shares of SGE stock opened at GBX 773.60 ($10.11) on Tuesday. The company has a debt-to-equity ratio of 73.27, a quick ratio of 0.64 and a current ratio of 0.67. The Sage Group has a fifty-two week low of GBX 543.20 ($7.10) and a fifty-two week high of GBX 810.80 ($10.59). The stock has a 50 day moving average price of GBX 737.46 and a two-hundred day moving average price of GBX 705.95. The company has a market capitalization of £7.95 billion and a P/E ratio of 29.64.
The company also recently declared a dividend, which will be paid on Thursday, February 10th. Shareholders of record on Thursday, January 13th will be issued a dividend of GBX 11.63 ($0.15) per share. This represents a yield of 1.58%. The ex-dividend date is Thursday, January 13th. This is a boost from The Sage Group’s previous dividend of $6.05. The Sage Group’s dividend payout ratio (DPR) is currently 0.66%.
In other news, insider Andrew Duff bought 13,150 shares of the firm’s stock in a transaction on Thursday, September 23rd. The stock was acquired at an average cost of GBX 758 ($9.90) per share, with a total value of £99,677 ($130,228.64).
About The Sage Group
The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, Central and Southern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud financial management platform; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a payroll and HR software; and CakeHR, a HR management solution that enables small businesses to manage workforces with tools comprises reporting, organization chart, pay slip, and absence request.
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