Brokerages Set The Sage Group plc (LON:SGE) PT at GBX 3,446.67

Shares of The Sage Group plc (LON:SGE) have earned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 3,446.67 ($45.83).

A number of research firms have recently issued reports on SGE. Canaccord Genuity Group restated a “sell” rating and set a GBX 1,090 ($14.49) price target on shares of The Sage Group in a report on Thursday, January 30th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Wednesday, May 7th.

The Sage Group Stock Up 1.1%

SGE stock opened at GBX 1,243.50 ($16.54) on Friday. The Sage Group has a 52-week low of GBX 960 ($12.77) and a 52-week high of GBX 1,349 ($17.94). The company’s 50 day simple moving average is GBX 1,200.69 and its 200-day simple moving average is GBX 1,235.08. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market capitalization of £12.31 billion, a P/E ratio of 48.34, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last released its quarterly earnings results on Thursday, May 15th. The company reported GBX 20.80 ($0.28) earnings per share (EPS) for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. As a group, equities research analysts anticipate that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group declared that its board has authorized a stock buyback plan on Thursday, May 15th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.