The Sage Group plc (LON:SGE) Given Average Recommendation of “Hold” by Brokerages

The Sage Group plc (LON:SGE) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 3,446.67 ($45.89).

A number of research analysts have issued reports on the stock. Citigroup restated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Canaccord Genuity Group reissued a “sell” rating and issued a GBX 1,090 ($14.51) price objective on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Shore Capital restated a “hold” rating on shares of The Sage Group in a research report on Thursday, January 30th.

The Sage Group Stock Up 0.8 %

Shares of LON:SGE opened at GBX 1,199.45 ($15.97) on Monday. 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 company has a market capitalization of £11.87 billion, a P/E ratio of 46.62, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a 52-week low of GBX 954.20 ($12.71) and a 52-week high of GBX 1,349 ($17.96). The stock’s fifty day simple moving average is GBX 1,203.69 and its 200-day simple moving average is GBX 1,207.49.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were issued a dividend of GBX 13.50 ($0.18) per share. This is a positive change from The Sage Group’s previous dividend of $6.95. This represents a dividend yield of 1.25%. The ex-dividend date was Thursday, January 9th. The Sage Group’s dividend payout ratio is presently 77.74%.

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.