UBS Group reiterated their sell rating on shares of The Sage Group (LON:SGE) in a report released on Thursday, Stock Target Advisor reports.
SGE has been the topic of several other reports. Barclays upped their price objective 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. Societe Generale upped their price objective on The Sage Group from GBX 536 ($7.05) to GBX 590 ($7.76) and gave the company a sell rating in a research report on Thursday, November 21st. Goldman Sachs Group lowered their price objective 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. Shore Capital cut The Sage Group to a hold rating in a research report on Monday, November 18th. Finally, Canaccord Genuity assumed coverage on The Sage Group in a research report on Wednesday, December 18th. They issued a hold rating and a GBX 770 ($10.13) price objective on the stock. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 670.45 ($8.82).
SGE stock traded down GBX 5 ($0.07) during midday trading on Thursday, hitting GBX 734.20 ($9.66). The company’s stock had a trading volume of 3,909,744 shares, compared to its average volume of 3,690,000. The company has a market cap of $8.01 billion and a PE ratio of 30.21. The Sage Group has a 12 month low of GBX 7.32 ($0.10) and a 12 month high of GBX 826 ($10.87). The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 50.86. The firm’s 50-day moving average is GBX 740.29 and its 200-day moving average is GBX 729.04.
The company also recently declared a dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 6th will be issued a dividend of GBX 11.12 ($0.15) per share. This represents a dividend yield of 1.54%. This is a boost from The Sage Group’s previous dividend of $5.79. The ex-dividend date is Thursday, February 6th. The Sage Group’s dividend payout ratio is presently 0.70%.
In other news, insider Steve Hare sold 15,570 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of GBX 745 ($9.80), for a total transaction of £115,996.50 ($152,586.82). Also, insider Jonathan Howell purchased 20,000 shares of the stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of GBX 745 ($9.80) per share, for a total transaction of £149,000 ($196,001.05). Insiders have sold a total of 49,138 shares of company stock worth $35,440,057 over the last three months.
About The Sage Group
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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