The Sage Group plc (LON:SGE) received an average recommendation of “Hold” from the nine brokerages that cover the company, MarketBeat.com reports. Two investment analysts rated the stock with a sell recommendation, four gave the company a hold recommendation and three gave the company a buy recommendation. The 1-year average price target among brokers who have reported on the stock in the past year is 764.17 GBX ($10.33).
SGE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of The Sage Group in a Tuesday, February 8 research note. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 735 ($9.94) price target on shares of The Sage Group in a research note on Thursday, December 9. Morgan Stanley reiterated an “overweight” rating on shares of The Sage Group in a research note on Wednesday. Canaccord Genuity Group reiterated a “holding” rating and issued a price target of 760 GBX ($10.28) on shares of The Sage Group in a research note on Tuesday, February 1. Finally, Barclays raised its price target on shares of The Sage Group from GBX 600 ($8.11) to GBX 730 ($9.87) and gave the stock an “underweight” rating in a research note of Tuesday, January 11.
Shares of LON SGE opened at 685.40 GBX ($9.27) on Friday. The company’s 50-day rolling average price is 789.36 GBX and its 200-day rolling average price is 752.77 GBX. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt ratio of 73.27. The company has a market capitalization of £6.98 billion and a PE ratio of 26.26. The Sage Group has a 52-week minimum of 556 GBX ($7.52) and a 52-week maximum of 862.20 GBX ($11.66).
The company also recently announced a dividend, which was paid on Thursday, February 10. Investors of record on Thursday, January 13 received a dividend of 11.63 GBX ($0.16). The ex-dividend date was Thursday, January 13. This is a positive change from The Sage Group’s previous dividend of $6.05. This represents a dividend yield of 1.58%. The Sage Group dividend payout ratio (DPR) is 0.67%.
About Sage Group
The Sage Group plc, together with its subsidiaries, provides technology solutions and services to small and medium-sized businesses in North America, Northern Europe, Central and Southern Europe and internationally. It offers cloud-native solutions, such as Sage Intacct, a cloud-based financial management platform; Sage People, a cloud-based human resources and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts and people; Sage Payroll, payroll and HR software; and CakeHR, a human resource management solution that allows small businesses to manage their workforce with tools including reports, org chart, payslip, and time off request.
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