The Sage Group plc (LON:SGE) Receives GBX 648.13 Average Target Price from Brokerages

The Sage Group plc (LON:SGE) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 648.13 ($8.47).

A number of research analysts have commented on SGE shares. JPMorgan Chase & Co. raised The Sage Group to a “neutral” rating and upped their price target for the company from GBX 560 ($7.32) to GBX 630 ($8.23) in a research report on Monday, May 17th. Barclays reaffirmed an “overweight” rating on shares of The Sage Group in a research report on Thursday, April 8th. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research report on Tuesday, May 11th. Canaccord Genuity upped their price target on The Sage Group from GBX 680 ($8.88) to GBX 700 ($9.15) and gave the company a “buy” rating in a research report on Friday, May 14th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 780 ($10.19) target price on shares of The Sage Group in a research report on Thursday, May 13th.

SGE opened at GBX 656.40 ($8.58) on Tuesday. The firm’s 50 day simple moving average is GBX 646.16. The company has a market cap of £7.05 billion and a price-to-earnings ratio of 31.44. The company has a debt-to-equity ratio of 61.89, a current ratio of 0.83 and a quick ratio of 0.75. The Sage Group has a one year low of GBX 543.20 ($7.10) and a one year high of GBX 774.40 ($10.12).

The company also recently announced a dividend, which will be paid on Friday, June 18th. Stockholders of record on Thursday, May 27th will be given a GBX 6.05 ($0.08) dividend. This represents a dividend yield of 0.94%. The ex-dividend date is Thursday, May 27th. The Sage Group’s dividend payout ratio is currently 0.83%.

About The Sage Group

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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