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

The Sage Group (LON:SGE)‘s stock had its “hold” rating reiterated by stock analysts at Panmure Gordon in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 1,300 target price on the stock. Panmure Gordon’s target price suggests a potential upside of 22.13% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,350 target price on shares of The Sage Group in a research note on Thursday, July 31st. Canaccord Genuity Group raised The Sage Group to a “hold” rating and raised their price target for the stock from GBX 1,080 to GBX 1,100 in a report on Monday, November 3rd. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Wednesday, July 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of The Sage Group in a report on Thursday, September 11th. Finally, Jefferies Financial Group lifted their target price on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 1,300.

The Sage Group Trading Down 1.9%

SGE opened at GBX 1,064.43 on Thursday. 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 firm has a market cap of £10.17 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a 12 month low of GBX 1,034.50 and a 12 month high of GBX 1,349. The stock has a fifty day moving average price of GBX 1,117.46 and a 200-day moving average price of GBX 1,172.11.

The Sage Group (LON:SGE) last announced its earnings results on Wednesday, November 19th. The company reported GBX 43.20 earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. As a group, equities research analysts anticipate that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group announced that its board has approved a stock repurchase plan on Wednesday, November 19th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often 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.