The Sage Group (LON:SGE) Given Hold Rating at Shore Capital

The Sage Group (LON:SGE)‘s stock had its “hold” rating reiterated by stock analysts at Shore Capital in a report issued on Thursday,London Stock Exchange reports.

A number of other equities research analysts also recently issued reports on SGE. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Sage Group in a research report on Thursday, September 11th. Panmure Gordon reiterated a “hold” rating and set a GBX 1,300 price target on shares of The Sage Group in a research report on Thursday. Jefferies Financial Group boosted their price objective on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,350 target price on shares of The Sage Group in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a GBX 1,100 price target on shares of The Sage Group in a research note on Thursday. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Sage Group has a consensus rating of “Hold” and an average price target of GBX 3,170.

The Sage Group Stock Performance

Shares of LON SGE traded down GBX 2.50 during mid-day trading on Thursday, hitting GBX 1,086.50. The company had a trading volume of 39,309,211 shares, compared to its average volume of 8,506,557. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The company has a market capitalization of £10.38 billion, a price-to-earnings ratio of 31.60, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a 1 year low of GBX 1,034.50 and a 1 year high of GBX 1,349. The stock’s 50-day moving average price is GBX 1,117.39 and its 200-day moving average price is GBX 1,174.14.

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 net margin of 11.87% and a return on equity of 24.48%. On average, sell-side analysts forecast that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group announced that its board has initiated a stock repurchase plan on Wednesday, November 19th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is 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.