The Sage Group (LON:SGE) PT Raised to GBX 730

The Sage Group (LON:SGE) had its price objective raised by Barclays from GBX 600 ($8.14) to GBX 730 ($9.91) in a research note issued to investors on Tuesday, Price Targets.com reports. They currently have an underweight rating on the stock.

Several other research firms also recently issued reports on SGE. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 735 ($9.98) price objective on shares of The Sage Group in a report on Thursday, December 9th. Shore Capital reiterated a hold rating on shares of The Sage Group in a research report on Wednesday, November 17th. Morgan Stanley reiterated an equal weight rating on shares of The Sage Group in a research report on Monday, November 15th. reiterated a hold rating and set a GBX 720 ($9.77) target price on shares of The Sage Group in a research report on Friday, November 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of The Sage Group from GBX 520 ($7.06) to GBX 570 ($7.74) and gave the company a sell rating in a research report on Tuesday, November 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, The Sage Group currently has a consensus rating of Hold and an average price target of GBX 732.50 ($9.94).

Shares of SGE opened at GBX 798.20 ($10.83) on Tuesday. The company has a market capitalization of £8.16 billion and a P/E ratio of 30.58. The company has a debt-to-equity ratio of 73.27, a current ratio of 0.67 and a quick ratio of 0.58. The Sage Group has a one year low of GBX 555.20 ($7.54) and a one year high of GBX 862.20 ($11.70). The business’s 50 day simple moving average is GBX 802.04 and its 200-day simple moving average is GBX 746.27.

The company also recently announced a dividend, which will be paid on Thursday, February 10th. Shareholders of record on Thursday, January 13th will be issued a dividend of GBX 11.63 ($0.16) per share. This represents a yield of 1.58%. The ex-dividend date of this dividend is Thursday, January 13th. This is a boost from The Sage Group’s previous dividend of $6.05. The Sage Group’s dividend payout ratio is 0.67%.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, Central and Southern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud financial management platform; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a payroll and HR software; and CakeHR, a HR management solution that enables small businesses to manage workforces with tools comprises reporting, organization chart, pay slip, and absence request.

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Analyst Recommendations for The Sage Group (LON:SGE)

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