The Sage Group (LON:SGE) had its price target hoisted by Credit Suisse Group from GBX 610 ($8.02) to GBX 640 ($8.42) in a research report report published on Thursday morning, Digital Look reports. Credit Suisse Group currently has an underperform rating on the stock.
Several other research firms have also weighed in on SGE. Goldman Sachs Group cut their target price on The Sage Group from GBX 670 ($8.81) to GBX 650 ($8.55) and set a neutral rating on the stock in a report on Tuesday, December 10th. Canaccord Genuity assumed coverage on The Sage Group in a research report on Wednesday, December 18th. They issued a hold rating and a GBX 770 ($10.13) price target on the stock. UBS Group reaffirmed a sell rating on shares of The Sage Group in a research report on Thursday, January 16th. Barclays raised their price target on The Sage Group from GBX 580 ($7.63) to GBX 620 ($8.16) and gave the company an underweight rating in a research report on Friday, January 10th. Finally, Deutsche Bank raised their price target on The Sage Group from GBX 650 ($8.55) to GBX 725 ($9.54) and gave the company a sell rating in a research report on Thursday. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 696 ($9.16).
LON SGE traded up GBX 12 ($0.16) during trading on Thursday, hitting GBX 766 ($10.08). 2,102,395 shares of the company traded hands, compared to its average volume of 3,690,000. The Sage Group has a 12 month low of GBX 7.32 ($0.10) and a 12 month high of GBX 826 ($10.87). The business has a fifty day simple moving average of GBX 740.17 and a 200 day simple moving average of GBX 727.28. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 50.86. The company has a market capitalization of $8.36 billion and a P/E ratio of 31.52.
The company also recently announced a dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 6th will be paid a GBX 11.12 ($0.15) dividend. The ex-dividend date is Thursday, February 6th. This represents a dividend yield of 1.54%. This is a boost from The Sage Group’s previous dividend of $5.79. The Sage Group’s payout ratio is 0.70%.
In related news, insider Steve Hare sold 15,570 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of GBX 745 ($9.80), for a total value of £115,996.50 ($152,586.82). Also, insider Jonathan Howell acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average price of GBX 745 ($9.80) per share, with a total value of £149,000 ($196,001.05). Insiders sold a total of 49,138 shares of company stock valued at $35,440,057 in the last 90 days.
The Sage Group Company Profile
The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.
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