Deutsche Bank Aktiengesellschaft Has Lowered Expectations for The Sage Group (LON:SGE) Stock Price

The Sage Group (LON:SGE) had its target price dropped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,250 to GBX 1,200 in a report released on Tuesday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 14.67% from the company’s current price.

Other analysts also recently issued reports about the company. Panmure Gordon restated a “hold” rating and set a GBX 1,300 target price on shares of The Sage Group in a research note on Thursday, November 20th. Jefferies Financial Group increased their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. dropped their price objective on The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating on the stock in a report on Thursday, December 4th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Thursday, November 20th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a GBX 1,100 price target on shares of The Sage Group in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 1,250.

The Sage Group Trading Up 1.0%

SGE opened at GBX 1,046.50 on Tuesday. The firm’s 50 day moving average is GBX 1,078.16 and its 200-day moving average is GBX 1,120.78. The Sage Group has a 52-week low of GBX 1,024.50 and a 52-week high of GBX 1,349. 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 firm has a market capitalization of £9.95 billion, a P/E ratio of 28.16, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last announced its earnings results on Wednesday, November 19th. The company reported GBX 43.20 earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. Analysts expect that The Sage Group will post 42.1496095 EPS for the current fiscal year.

The Sage Group declared that its board has approved a share repurchase program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at The Sage Group

In other The Sage Group news, insider Steve Hare sold 127,828 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total transaction of £1,361,368.20. Also, insider Jonathan Howell sold 88,727 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total transaction of £944,942.55. 0.95% of the stock is owned by insiders.

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.