Brokerages Set The Sage Group plc (LON:SGE) PT at GBX 3,446.67

The Sage Group plc (LON:SGE) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 3,446.67 ($44.76).

Several equities analysts recently issued reports on SGE shares. Citigroup reiterated a “buy” rating on shares of The Sage Group in a research note on Tuesday, January 7th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group restated a “sell” rating and set a GBX 1,090 ($14.15) target price on shares of The Sage Group in a research report on Thursday, January 30th.

The Sage Group Stock Down 2.2 %

Shares of SGE stock opened at GBX 1,203.50 ($15.63) on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The Sage Group has a twelve month low of GBX 954.20 ($12.39) and a twelve month high of GBX 1,349 ($17.52). The stock has a 50 day moving average of GBX 1,267.25 and a 200 day moving average of GBX 1,192.66. The stock has a market cap of £11.91 billion, a P/E ratio of 46.78, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were paid 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 payout ratio is currently 77.74%.

About The Sage Group

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.