The Sage Group (LON:SGE) Stock Price Crosses Above 200-Day Moving Average of $1,147.00

Shares of The Sage Group plc (LON:SGE) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,147 ($14.41) and traded as high as GBX 1,173 ($14.73). The Sage Group shares last traded at GBX 1,166 ($14.65), with a volume of 1,922,407 shares.

Wall Street Analysts Forecast Growth

SGE has been the topic of a number of recent research reports. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Thursday, February 29th. Canaccord Genuity Group restated a “sell” rating and set a GBX 970 ($12.18) target price on shares of The Sage Group in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 1,052.50 ($13.22).

The Sage Group Stock Performance

The company has a market capitalization of £11.66 billion, a P/E ratio of 5,830.00, a PEG ratio of 3.21 and a beta of 0.57. The company has a debt-to-equity ratio of 89.34, a current ratio of 0.94 and a quick ratio of 0.58. The company has a fifty day moving average price of GBX 1,216.80 and a two-hundred day moving average price of GBX 1,147.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were paid a GBX 12.75 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, January 11th. This is a positive change from The Sage Group’s previous dividend of $6.55. This represents a yield of 1.28%. The Sage Group’s payout ratio is 9,500.00%.

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.