The Sage Group plc (LON:SGE) has earned a consensus rating of “Hold” from the twelve research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 686.88 ($9.04).
Several brokerages have recently issued reports on SGE. Credit Suisse Group reiterated an “underperform” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Canaccord Genuity began coverage on The Sage Group in a research report on Wednesday, December 18th. They set a “hold” rating and a GBX 770 ($10.13) price target on the stock. Barclays lifted their price target on The Sage Group from GBX 580 ($7.63) to GBX 620 ($8.16) and gave the company an “underweight” rating in a research report on Friday, January 10th. Goldman Sachs Group lowered their price target on The Sage Group from GBX 670 ($8.81) to GBX 650 ($8.55) and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Finally, UBS Group reiterated a “sell” rating on shares of The Sage Group in a research report on Thursday.
Shares of SGE stock traded down GBX 2.60 ($0.03) during mid-day trading on Thursday, hitting GBX 735.60 ($9.68). 887,881 shares of the stock traded hands, compared to its average volume of 3,690,000. The Sage Group has a twelve month low of GBX 7.32 ($0.10) and a twelve month high of GBX 826 ($10.87). The firm has a market cap of $8.03 billion and a price-to-earnings ratio of 30.27. The company’s 50-day simple moving average is GBX 741.18 and its 200-day simple moving average is GBX 729.59. The company has a debt-to-equity ratio of 50.86, a quick ratio of 0.57 and a current ratio of 0.71.
The firm also recently announced a dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 6th will be given a GBX 11.12 ($0.15) dividend. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, February 6th. This is a boost from The Sage Group’s previous dividend of $5.79. The Sage Group’s dividend payout ratio (DPR) is 0.70%.
In other news, insider Steve Hare sold 2,713 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 724 ($9.52), for a total value of £19,642.12 ($25,838.10). Also, insider Jonathan Howell sold 30,855 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of GBX 709 ($9.33), for a total value of £218,761.95 ($287,768.94). In the last ninety days, insiders sold 49,138 shares of company stock valued at $35,440,057.
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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