The Sage Group (LON:SGE) Earns Hold Rating from Panmure Gordon

The Sage Group (LON:SGE)‘s stock had its “hold” rating reaffirmed by investment analysts at Panmure Gordon in a research report issued on Thursday,Digital Look reports. They currently have a GBX 1,300 target price on the stock. Panmure Gordon’s price target indicates a potential upside of 18.56% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. restated an “overweight” rating on shares of The Sage Group in a research report on Thursday, September 11th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, July 30th. Jefferies Financial Group boosted their target price on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,350 price target on shares of The Sage Group in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group raised shares of The Sage Group to a “hold” rating and boosted their price objective for the company from GBX 1,080 to GBX 1,100 in a research report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, The Sage Group has a consensus rating of “Hold” and a consensus target price of GBX 3,170.

The Sage Group Trading Up 0.7%

LON:SGE traded up GBX 7.50 during trading hours on Thursday, reaching GBX 1,096.50. The company’s stock had a trading volume of 38,902,816 shares, compared to its average volume of 8,504,759. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market capitalization of £10.48 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 1.22 and a beta of 0.53. The firm has a 50-day simple moving average of GBX 1,117.39 and a 200-day simple moving average of GBX 1,174.14. The Sage Group has a 1 year low of GBX 1,034.50 and a 1 year high of GBX 1,349.

The Sage Group (LON:SGE) last released its quarterly earnings data on Wednesday, November 19th. The company reported GBX 43.20 EPS for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. Research analysts expect that The Sage Group will post 42.1496095 EPS for the current fiscal year.

The Sage Group announced that its board has authorized a share buyback program on Wednesday, November 19th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors 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.