The Sage Group’s (SGE) “Hold” Rating Reaffirmed at Panmure Gordon

The Sage Group (LON:SGE)‘s stock had its “hold” rating reissued by equities researchers at Panmure Gordon in a report released on Thursday,Digital Look reports. They currently have a GBX 1,300 price objective on the stock. Panmure Gordon’s price target indicates a potential upside of 18.56% from the company’s previous close.

Several other equities research analysts have also recently issued reports on SGE. Jefferies Financial Group lifted their target price on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a report on Thursday. Canaccord Genuity Group raised The Sage Group to a “hold” rating and raised their price target for the stock from GBX 1,080 to GBX 1,100 in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,350 target price on shares of The Sage Group in a research note on Thursday, July 31st. JPMorgan Chase & Co. restated an “overweight” rating on shares of The Sage Group in a report on Thursday, September 11th. Finally, Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, The Sage Group has a consensus rating of “Hold” and an average target price of GBX 3,170.

The Sage Group Stock Performance

Shares of The Sage Group stock traded up GBX 7.50 during trading on Thursday, hitting GBX 1,096.50. 38,902,816 shares of the company’s stock traded hands, compared to its average volume of 8,504,759. The business has a 50-day simple moving average of GBX 1,117.39 and a 200-day simple moving average of GBX 1,174.14. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The stock has a market capitalization of £10.48 billion, a P/E ratio of 31.89, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a 1 year low of GBX 1,034.50 and a 1 year high of GBX 1,349.

The Sage Group (LON:SGE) last announced 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%. As a group, analysts forecast that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group announced that its board has authorized a share repurchase program 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. Stock buyback programs are usually 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.