The Sage Group plc (LON:SGE) Given Consensus Recommendation of “Moderate Buy” by Analysts

The Sage Group plc (LON:SGE) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,173 ($14.99).

A number of research firms recently commented on SGE. JPMorgan Chase & Co. decreased their target price on The Sage Group from GBX 1,300 ($16.61) to GBX 1,250 ($15.97) and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 615 ($7.86) target price on shares of The Sage Group in a research report on Monday, July 1st. Shore Capital restated a “hold” rating on shares of The Sage Group in a research report on Thursday, May 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,400 ($17.89) price objective on shares of The Sage Group in a research report on Thursday, June 27th.

Insider Buying and Selling

In other news, insider Annette Court acquired 950 shares of The Sage Group stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average cost of GBX 1,065 ($13.61) per share, with a total value of £10,117.50 ($12,929.71). 0.67% of the stock is owned by corporate insiders.

The Sage Group Stock Performance

LON SGE opened at GBX 1,018 ($13.01) on Thursday. The business has a 50-day moving average price of GBX 1,059.86 and a 200-day moving average price of GBX 1,144.42. The firm has a market cap of £10.16 billion, a price-to-earnings ratio of 3,919.23, a price-to-earnings-growth ratio of 2.80 and a beta of 0.59. The Sage Group has a twelve month low of GBX 927.40 ($11.85) and a twelve month high of GBX 1,285 ($16.42). The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72.

The Sage Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 30th were paid a GBX 6.95 ($0.09) dividend. This represents a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, May 30th. The Sage Group’s dividend payout ratio is currently 7,692.31%.

About The Sage Group

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.