The Sage Group plc (LON:SGE) Given Consensus Recommendation of “Hold” by Brokerages

The Sage Group plc (LON:SGE) has been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 1,052.50 ($13.22).

Several analysts recently weighed in on SGE shares. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Thursday, February 29th. Canaccord Genuity Group restated a “sell” rating and issued a GBX 970 ($12.18) price objective on shares of The Sage Group in a research note on Tuesday, February 27th.

The Sage Group Stock Down 0.2 %

The Sage Group stock opened at GBX 1,160 ($14.57) on Tuesday. The firm has a market cap of £11.60 billion, a price-to-earnings ratio of 5,810.00, a P/E/G ratio of 3.21 and a beta of 0.57. The firm has a fifty day moving average price of GBX 1,216.94 and a two-hundred day moving average price of GBX 1,145.94. The Sage Group has a fifty-two week low of GBX 797.20 ($10.01) and a fifty-two week high of GBX 1,285 ($16.14). The company has a debt-to-equity ratio of 89.34, a current ratio of 0.94 and a quick ratio of 0.58.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were issued a GBX 12.75 ($0.16) dividend. This represents a yield of 1.28%. The ex-dividend date of this dividend was Thursday, January 11th. This is a positive change from The Sage Group’s previous dividend of $6.55. The Sage Group’s payout ratio is 9,500.00%.

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.