Brokerages Set The Sage Group plc (LON:SGE) Price Target at GBX 1,300

The Sage Group plc (LON:SGE) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 1,260.

SGE has been the subject of several research analyst reports. Panmure Gordon reiterated a “hold” rating and issued a GBX 1,300 price objective on shares of The Sage Group in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Sage Group from GBX 1,350 to GBX 1,250 and set a “hold” rating on the stock in a report on Wednesday, November 19th. Jefferies Financial Group boosted their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. reduced their price objective on The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a research report on Thursday. Finally, Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Thursday, November 20th.

Insider Buying and Selling at The Sage Group

In other news, insider Steve Hare sold 127,828 shares of The Sage Group stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total value of £1,361,368.20. 0.95% of the stock is owned by corporate insiders.

The Sage Group Stock Up 0.1%

Shares of The Sage Group stock opened at GBX 1,064.50 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. 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 market cap of £10.17 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The business has a fifty day simple moving average of GBX 1,114.36 and a 200 day simple moving average of GBX 1,160.16.

The Sage Group (LON:SGE) last posted its earnings results 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%. Research analysts predict that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group declared that its board has authorized a share repurchase program on Wednesday, November 19th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership 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.