The Sage Group (LON:SGE) Stock Crosses Above 200-Day Moving Average – Time to Sell?

The Sage Group plc (LON:SGE)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,169.95 ($15.17) and traded as high as GBX 1,240.50 ($16.09). The Sage Group shares last traded at GBX 1,219.50 ($15.82), with a volume of 4,412,869 shares changing hands.

Analysts Set New Price Targets

SGE has been the subject of several recent analyst reports. Canaccord Genuity Group boosted their price objective on shares of The Sage Group from GBX 970 ($12.58) to GBX 1,090 ($14.14) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Canaccord Genuity Group reaffirmed a “sell” rating and set a GBX 1,090 ($14.14) price target on shares of The Sage Group in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft raised their price objective on The Sage Group from GBX 1,170 ($15.17) to GBX 1,350 ($17.51) and gave the stock a “hold” rating in a research report on Friday, November 22nd. Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, The Sage Group has a consensus rating of “Hold” and an average price target of GBX 3,446.67 ($44.70).

The Sage Group Stock Up 0.7 %

The stock has a market capitalization of £11.91 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. 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 business’s fifty day moving average price is GBX 1,296.50 and its two-hundred day moving average price is GBX 1,172.36.

The Sage Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were issued a GBX 13.50 ($0.18) dividend. The ex-dividend date was Thursday, January 9th. This is a positive change from The Sage Group’s previous dividend of $6.95. This represents a dividend yield of 1.25%. The Sage Group’s dividend payout ratio is currently 77.74%.

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.