The Sage Group (LON:SGE) Receives “Hold” Rating from Canaccord Genuity Group

The Sage Group (LON:SGE)‘s stock had its “hold” rating reissued by equities researchers at Canaccord Genuity Group in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 1,100 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 1.24% from the stock’s current price.

SGE has been the topic of a number of other research reports. Jefferies Financial Group boosted their target price 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. reiterated an “overweight” rating on shares of The Sage Group in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,350 price objective on shares of The Sage Group in a research report on Thursday, July 31st. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research report on Wednesday, July 30th. Finally, Panmure Gordon reaffirmed a “hold” rating and set a GBX 1,300 price target on shares of The Sage Group in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, The Sage Group has an average rating of “Hold” and a consensus target price of GBX 3,170.

The Sage Group Trading Down 0.2%

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

The Sage Group (LON:SGE) last issued its earnings results on Wednesday, November 19th. The company reported GBX 43.20 earnings per share for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. As a group, analysts forecast 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 approved a share buyback program on Wednesday, November 19th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is 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.