The Sage Group (SGE) Trading Down 0%

The Sage Group plc (LON:SGE) shares were down 0% during mid-day trading on Thursday . The stock traded as low as GBX 791.62 ($10.58) and last traded at GBX 794.50 ($10.62). Approximately 194,710 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 2,920,000 shares. The stock had previously closed at GBX 794.50 ($10.62).

Several research analysts have recently issued reports on SGE shares. Deutsche Bank raised their price objective on The Sage Group from GBX 700 ($9.36) to GBX 740 ($9.89) and gave the stock a “hold” rating in a research note on Friday, November 17th. Bryan, Garnier & Co upgraded The Sage Group to a “buy” rating and lifted their price target for the company from GBX 720 ($9.63) to GBX 830 ($11.10) in a research report on Friday, September 22nd. Canaccord Genuity lifted their price target on The Sage Group from GBX 585 ($7.82) to GBX 636 ($8.50) and gave the company a “sell” rating in a research report on Thursday, November 23rd. Credit Suisse Group reiterated a “neutral” rating and set a GBX 700 ($9.36) price target on shares of The Sage Group in a research report on Tuesday, October 10th. Finally, Barclays reiterated an “equal weight” rating on shares of The Sage Group in a research report on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 771.31 ($10.31).

The stock has a market capitalization of $8,570.00 and a P/E ratio of 3,291.67.

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from The Sage Group’s previous dividend of $5.22. This represents a dividend yield of 1.27%.

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The Sage Group Company Profile

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.

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