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

The Sage Group plc (LON:SGE) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 3,446.67 ($46.16).

Several research analysts have issued reports on SGE shares. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($14.60) price objective on shares of The Sage Group in a research note on Thursday, January 30th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Wednesday, May 7th.

The Sage Group Stock Up 0.6%

Shares of The Sage Group stock opened at GBX 1,235 ($16.54) on Friday. The stock has a market capitalization of £12.22 billion, a P/E ratio of 48.01, a PEG ratio of 1.22 and a beta of 0.53. 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 stock has a 50 day moving average price of GBX 1,201.85 and a two-hundred day moving average price of GBX 1,238.11. The Sage Group has a 12-month low of GBX 960 ($12.86) and a 12-month high of GBX 1,349 ($18.07).

The Sage Group (LON:SGE) last posted its quarterly earnings data on Thursday, May 15th. The company reported GBX 20.80 ($0.28) earnings per share for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. Equities analysts expect that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 15th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.