Deutsche Bank Aktiengesellschaft Raises The Sage Group (LON:SGE) Price Target to GBX 1,350

The Sage Group (LON:SGE) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 1,170 ($14.73) to GBX 1,350 ($17.00) in a report published on Friday morning, MarketBeat reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also commented on the company. Canaccord Genuity Group upped their price objective on The Sage Group from GBX 970 ($12.22) to GBX 1,090 ($13.73) and gave the stock a “sell” rating in a research note on Friday. Citigroup upped their price objective on The Sage Group from £135 ($170.00) to £145 ($182.60) and gave the stock a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 3,918 ($49.34).

The Sage Group Price Performance

LON SGE opened at GBX 1,277.63 ($16.09) on Friday. The business’s fifty day moving average price is GBX 1,035.08 and its 200-day moving average price is GBX 1,052.24. The stock has a market capitalization of £12.73 billion, a price-to-earnings ratio of 4,946.15, a PEG ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The Sage Group has a 1-year low of GBX 954.20 ($12.02) and a 1-year high of GBX 1,320 ($16.62).

The Sage Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be paid a GBX 13.50 ($0.17) dividend. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, January 9th. This is a positive change from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio is presently 7,692.31%.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.99), for a total value of £889,000 ($1,119,506.36). 1.08% of the stock is currently owned by company insiders.

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.