Canaccord Genuity Group Reiterates Sell Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGE)‘s stock had its “sell” rating restated by equities researchers at Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They presently have a GBX 1,090 ($13.57) price objective on the stock. Canaccord Genuity Group’s price objective points to a potential downside of 18.03% from the company’s previous close.

SGE has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Sage Group from GBX 1,170 ($14.57) to GBX 1,350 ($16.81) and gave the stock a “hold” rating in a report on Friday, November 22nd. Shore Capital reissued a “hold” rating on shares of The Sage Group in a report on Thursday. Canaccord Genuity Group lifted their target price on The Sage Group from GBX 970 ($12.08) to GBX 1,090 ($13.57) and gave the stock a “sell” rating in a report on Friday, November 22nd. Finally, Citigroup reissued a “buy” rating on shares of The Sage Group in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,446.67 ($42.91).

The Sage Group Stock Performance

SGE traded down GBX 6.82 ($0.08) during midday trading on Thursday, reaching GBX 1,329.68 ($16.55). The company had a trading volume of 4,066,540 shares, compared to its average volume of 15,406,581. The Sage Group has a 1 year low of GBX 954.20 ($11.88) and a 1 year high of GBX 1,342 ($16.71). The company has a market cap of £13.25 billion, a P/E ratio of 5,114.15, a P/E/G ratio of 1.22 and a beta of 0.53. The business has a 50-day moving average of GBX 1,295.51 and a two-hundred day moving average of GBX 1,120.02. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72.

The Sage Group (LON:SGE) last released its earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 22.31%. As a group, equities research analysts predict that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jonathan Howell sold 27,844 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.31), for a total transaction of £364,756.40 ($454,128.98). 1.08% of the stock is owned by corporate insiders.

About The Sage Group

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.