Shares in The Sage Group plc (LON:SGE – Get Rating) have received a consensus rating of “Hold” from the eight brokerages that currently cover the company, MarketBeat Ratings reports. Two analysts rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The 1-year average price target among brokers who have hedged the stock over the past year is 756 GBX ($9.18).
A number of research companies have recently published reports on SGE. Morgan Stanley reiterated an “overweight” rating on shares of The Sage Group in a Wednesday, May 11 report. JPMorgan Chase & Co. cut its price target on The Sage Group from GBX 735 ($8.92) to GBX 700 ($8.50) and set a “neutral” rating for the company in a Monday 16 report. may. Shore Capital upgraded The Sage Group to a “buy” rating in a Wednesday, March 2 research note. Finally, Barclays reissued an “underweight” rating and published a target price of GBX 730 ($8.86) on shares of The Sage Group in a research note on Friday May 13.
Sage Group stock opened Friday at 628.80 GBX ($7.63). The Sage Group has a 52-week low of 587.20 GBX ($7.13) and a 52-week high of 862.20 GBX ($10.46). The company has a 50-day simple moving average of 679.87 GBX and a 200-day simple moving average of 722.93 GBX. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt ratio of 96.76. The stock has a market capitalization of £6.41 billion and a price-earnings ratio of 22.87.
The company also recently declared a dividend, which was paid on Friday, June 17. Shareholders of record on Thursday, May 26 received a dividend of GBX 6.30 ($0.08) per share. This represents a return of 0.95%. The ex-dividend date was Thursday, May 26. The Sage Group payout ratio is 0.64%.
Sage Group Company Profile (Get an evaluation)
The Sage Group plc, together with its subsidiaries, provides technology solutions and services to small and medium-sized businesses in North America, Northern Europe and internationally. It offers cloud-native solutions, such as Sage Intacct, cloud accounting software and financial management solutions; Sage People, a cloud-based human resources and people management solution; Sage Accounting, a solution for small businesses, bookkeepers and bookkeepers to remotely manage customer data, accounts and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a human resource management solution.
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