The Sage Group (LON:SGE) had its target price hoisted by Barclays from GBX 550 ($7.19) to GBX 580 ($7.58) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports. Barclays currently has an underweight rating on the stock.
A number of other equities analysts have also commented on the company. UBS Group lowered CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a report on Monday, May 20th. Deutsche Bank set a $261.00 price target on Vail Resorts and gave the stock a buy rating in a report on Friday, June 7th. JPMorgan Chase & Co. set a $90.00 price target on Duke Energy and gave the stock a hold rating in a report on Monday, May 20th. Shore Capital reissued a buy rating on shares of The Sage Group in a research note on Friday, May 17th. Finally, Jefferies Financial Group reissued a hold rating and set a $75.00 price objective on shares of Bayerische Motoren Werke in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 645.50 ($8.43).
The Sage Group stock opened at GBX 811.40 ($10.60) on Monday. The Sage Group has a one year low of GBX 491.30 ($6.42) and a one year high of GBX 826 ($10.79). The stock has a fifty day moving average of GBX 777.35. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 55.89. The company has a market capitalization of $8.81 billion and a price-to-earnings ratio of 28.27.
The firm also recently disclosed a dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 30th were paid a dividend of GBX 5.79 ($0.08) per share. This represents a yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 30th. The Sage Group’s dividend payout ratio is 0.59%.
In other The Sage Group news, insider Annette Court acquired 1,350 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was bought at an average price of GBX 746 ($9.75) per share, with a total value of £10,071 ($13,159.55). Also, insider Cath Keers acquired 40,976 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of GBX 517 ($6.76) per share, with a total value of £211,845.92 ($276,814.22).
The Sage Group Company Profile
The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.
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