The Sage Group (LON:SGE) Earns Hold Rating from Shore Capital

The Sage Group (LON:SGE)‘s stock had its “hold” rating reaffirmed by equities researchers at Shore Capital in a research note issued on Thursday, Marketbeat reports.

SGE has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,350 price objective on shares of The Sage Group in a research report on Thursday, July 31st. Jefferies Financial Group increased their target price on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. restated an “overweight” rating on shares of The Sage Group in a report on Thursday, September 11th. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 1,100 price objective on shares of The Sage Group in a report on Thursday. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 1,300 target price on shares of The Sage Group in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 1,300.

The Sage Group Trading Down 1.9%

LON SGE opened at GBX 1,064.43 on Thursday. The Sage Group has a one year low of GBX 1,034.50 and a one year high of GBX 1,349. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The firm has a market cap of £10.17 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.22 and a beta of 0.53. The stock’s 50-day moving average is GBX 1,117.46 and its 200-day moving average is GBX 1,172.11.

The Sage Group (LON:SGE) last issued its quarterly earnings data on Wednesday, November 19th. The company reported GBX 43.20 earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. Sell-side 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 authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

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.