The Sage Group plc (LON:SGE) Given Consensus Rating of “Hold” by Brokerages

Shares of The Sage Group plc (LON:SGE) have received a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,446.67 ($46.16).

A number of brokerages recently weighed in on SGE. Shore Capital restated a “hold” rating on shares of The Sage Group in a report on Wednesday, May 7th. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($14.60) price target on shares of The Sage Group in a report on Thursday, January 30th.

The Sage Group Stock Performance

SGE opened at GBX 1,235 ($16.54) on Friday. The firm’s fifty day simple moving average is GBX 1,201.85 and its two-hundred day simple moving average is GBX 1,238.11. The company has a market cap of £12.22 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The Sage Group has a 52-week low of GBX 960 ($12.86) and a 52-week high of GBX 1,349 ($18.07).

The Sage Group (LON:SGE) last released its quarterly earnings data 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%. Equities analysts anticipate that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group announced that its Board of Directors has authorized a share buyback plan on Thursday, May 15th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management 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.