The Sage Group plc (SGE) Receives GBX 762.46 Average PT from Brokerages

The Sage Group plc (LON:SGE) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 762.46 ($10.26).

Several equities research analysts have recently weighed in on SGE shares. Numis Securities reiterated an “add” rating and issued a GBX 813 ($10.94) price objective on shares of The Sage Group in a research note on Tuesday, September 19th. Jefferies Group upped their price objective on The Sage Group from GBX 770 ($10.36) to GBX 880 ($11.84) and gave the company a “buy” rating in a research note on Monday, November 20th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 850 ($11.44) price objective on shares of The Sage Group in a research note on Thursday, November 16th. Bryan, Garnier & Co upgraded The Sage Group to a “buy” rating and upped their price objective for the company from GBX 720 ($9.69) to GBX 830 ($11.17) in a research note on Friday, September 22nd. Finally, Barclays upgraded The Sage Group to an “equal weight” rating and set a GBX 685 ($9.22) price objective on the stock in a research note on Thursday, September 14th.

Shares of The Sage Group (SGE) traded down GBX 2.50 ($0.03) on Friday, reaching GBX 765.50 ($10.30). The company had a trading volume of 3,383,679 shares, compared to its average volume of 2,740,000. The Sage Group has a 1 year low of GBX 594.99 ($8.01) and a 1 year high of GBX 820 ($11.04).

The business also recently disclosed a dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 8th will be paid a GBX 10.20 ($0.14) dividend. This is a positive change from The Sage Group’s previous dividend of $5.22. This represents a dividend yield of 1.27%. The ex-dividend date is Thursday, February 8th.

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About The Sage Group

The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.

Analyst Recommendations for The Sage Group (LON:SGE)

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