Shore Capital Reiterates “Hold” Rating for The Sage Group (LON:SGE)

The Sage Group (LON:SGE)‘s stock had its “hold” rating restated by research analysts at Shore Capital in a report released on Thursday,London Stock Exchange reports.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,350 target price on shares of The Sage Group in a research note on Thursday, July 31st. Jefferies Financial Group boosted their price objective on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of The Sage Group in a research report on Thursday, September 11th. Panmure Gordon reaffirmed a “hold” rating and set a GBX 1,300 target price on shares of The Sage Group in a research note on Thursday. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a GBX 1,100 price target on shares of The Sage Group in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, The Sage Group presently has a consensus rating of “Hold” and a consensus target price of GBX 3,170.

The Sage Group Trading Down 0.2%

Shares of SGE stock traded down GBX 2.50 during mid-day trading on Thursday, reaching GBX 1,086.50. The stock had a trading volume of 39,309,211 shares, compared to its average volume of 8,506,557. The firm has a market capitalization of £10.38 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The stock’s 50-day moving average price is GBX 1,117.39 and its two-hundred day moving average price is GBX 1,174.14. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The Sage Group has a 52-week low of GBX 1,034.50 and a 52-week high of GBX 1,349.

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%. Equities analysts expect that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

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