The Sage Group’s (SGE) “Hold” Rating Reiterated at Shore Capital

Shore Capital reaffirmed their hold rating on shares of The Sage Group (LON:SGE) in a report released on Tuesday, Marketbeat reports.

Several other equities analysts have also issued reports on SGE. Jefferies Financial Group upped their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 1,100 price target on shares of The Sage Group in a research note on Thursday, November 20th. JPMorgan Chase & Co. dropped their price target on The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating on the stock in a research note on Thursday, December 4th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,300 price objective on shares of The Sage Group in a research report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Sage Group from GBX 1,250 to GBX 1,200 and set a “hold” rating on the stock in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,240.

The Sage Group Stock Performance

SGE stock opened at GBX 955 on Tuesday. The firm has a market cap of £9.08 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group has a twelve month low of GBX 945 and a twelve month high of GBX 1,349. The business’s fifty day simple moving average is GBX 1,064.35 and its two-hundred day simple moving average is GBX 1,110.45. 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 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%. Analysts predict that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group declared that its board has authorized a share buyback program on Wednesday, November 19th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Steve Hare sold 127,828 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £1,361,368.20. Also, insider Jonathan Howell sold 88,727 shares of The Sage Group stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total transaction of £944,942.55. Insiders own 0.95% of the company’s stock.

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.