Shore Capital Reaffirms Hold Rating for The Sage Group (LON:SGE)

Shore Capital reaffirmed their hold rating on shares of The Sage Group (LON:SGE) in a research note released on Thursday morning, MarketBeat Ratings reports.

Several other analysts also recently commented on SGE. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Sage Group from GBX 1,170 ($14.51) to GBX 1,350 ($16.74) and gave the stock a “hold” rating in a report on Friday, November 22nd. Citigroup restated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group increased their target price on The Sage Group from GBX 970 ($12.03) to GBX 1,090 ($13.52) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 3,446.67 ($42.74).

The Sage Group Stock Performance

SGE opened at GBX 1,332.59 ($16.52) on Thursday. 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 has a 12-month low of GBX 954.20 ($11.83) and a 12-month high of GBX 1,348 ($16.71). The business has a 50 day moving average of GBX 1,301.79 and a 200-day moving average of GBX 1,123.34. The stock has a market cap of £13.28 billion, a price-to-earnings ratio of 5,125.34, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last announced its quarterly earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 22.31% and a net margin of 11.87%. On average, equities research analysts expect that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be given a dividend of GBX 13.50 ($0.17) per share. This represents a dividend yield of 1.25%. The ex-dividend date 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%.

Insider Activity

In related news, insider Jonathan Howell sold 27,844 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.24), for a total value of £364,756.40 ($452,270.80). 1.08% of the stock is owned by company 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.