The Sage Group plc (LON:SGE) Receives GBX 3,446.67 Average PT from Brokerages

The Sage Group plc (LON:SGE) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 3,446.67 ($45.74).

SGE has been the topic of several recent analyst reports. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research note on Thursday, January 30th. Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Finally, Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($14.47) price target on shares of The Sage Group in a research report on Thursday, January 30th.

The Sage Group Stock Up 1.8 %

SGE stock opened at GBX 1,188 ($15.77) on Monday. The firm has a market cap of £11.76 billion, a PE ratio of 46.18, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a one year low of GBX 954.20 ($12.66) and a one year high of GBX 1,349 ($17.90). The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The firm’s 50 day moving average price is GBX 1,208.96 and its 200-day moving average price is GBX 1,205.07.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were paid a dividend of GBX 13.50 ($0.18) per share. The ex-dividend date was Thursday, January 9th. This is a positive change from The Sage Group’s previous dividend of $6.95. This represents a yield of 1.25%. The Sage Group’s dividend payout ratio is 77.74%.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.