The Sage Group (LON:SGE) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of The Sage Group (LON:SGE) in a research note published on Monday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 615 ($7.78) price target on the stock.

Several other brokerages have also recently issued reports on SGE. Shore Capital restated a hold rating on shares of The Sage Group in a research report on Thursday, May 16th. Jefferies Financial Group restated a buy rating and issued a GBX 1,400 ($17.71) price target on shares of The Sage Group in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of GBX 1,127.50 ($14.26).

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 1,074 ($13.58) on Monday. The stock has a market capitalization of £10.72 billion, a PE ratio of 4,128.85, a price-to-earnings-growth ratio of 2.80 and a beta of 0.59. The Sage Group has a 52-week low of GBX 892.40 ($11.29) and a 52-week high of GBX 1,285 ($16.25). The stock’s 50-day moving average price is GBX 1,102.86 and its 200 day moving average price is GBX 1,162.03. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72.

The Sage Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were issued a GBX 6.95 ($0.09) dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend was Thursday, May 30th. The Sage Group’s dividend payout ratio is presently 7,692.31%.

Insider Buying and Selling at The Sage Group

In other news, insider Annette Court purchased 950 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average price of GBX 1,065 ($13.47) per share, with a total value of £10,117.50 ($12,797.24). 0.67% of the stock is owned by corporate insiders.

About The Sage Group

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.