The Sage Group plc (LON:SGE) has received an average rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given 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 792.90 ($10.95).
A number of equities analysts have recently issued reports on SGE shares. Numis Securities upped their target price on shares of The Sage Group from GBX 813 ($11.23) to GBX 861 ($11.90) and gave the stock an “add” rating in a research report on Thursday, November 23rd. Shore Capital reiterated a “buy” rating on shares of The Sage Group in a research report on Wednesday, January 24th. Bryan, Garnier & Co upped their target price on shares of The Sage Group from GBX 830 ($11.47) to GBX 860 ($11.88) and gave the stock a “buy” rating in a research report on Thursday, November 23rd. Goldman Sachs Group reiterated a “buy” rating and set a GBX 850 ($11.74) target price on shares of The Sage Group in a research report on Thursday, November 16th. Finally, Jefferies Group upped their target price on shares of The Sage Group from GBX 770 ($10.64) to GBX 880 ($12.16) and gave the stock a “buy” rating in a research report on Monday, November 20th.
In related news, insider Steve Hare sold 88,880 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of GBX 759 ($10.49), for a total value of £674,599.20 ($932,024.32).
Shares of The Sage Group (SGE) traded down GBX 9.20 ($0.13) during mid-day trading on Wednesday, hitting GBX 691 ($9.55). 1,922,063 shares of the stock were exchanged, compared to its average volume of 3,480,000. The Sage Group has a 12 month low of GBX 613 ($8.47) and a 12 month high of GBX 825.20 ($11.40). The firm has a market capitalization of $7,570.00 and a price-to-earnings ratio of 2,879.17.
The firm also recently disclosed a dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 8th will be issued 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 yield of 1.27%. The ex-dividend date of this dividend is Thursday, February 8th.
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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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