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

The Sage Group (LON:SGE)‘s stock had its “hold” rating reaffirmed by equities research analysts at Shore Capital in a research note issued to investors on Wednesday,Digital Look reports.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on The Sage Group from GBX 1,170 ($14.83) to GBX 1,350 ($17.11) and gave the stock a “hold” rating in a research note on Friday, November 22nd. Citigroup lifted their price target on The Sage Group from £135 ($171.06) to £145 ($183.73) and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Canaccord Genuity Group lifted their price target on The Sage Group from GBX 970 ($12.29) to GBX 1,090 ($13.81) and gave the company a “sell” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 3,918 ($49.65).

The Sage Group Trading Down 0.1 %

Shares of LON:SGE opened at GBX 1,298.50 ($16.45) on Wednesday. The Sage Group has a 52-week low of GBX 954.20 ($12.09) and a 52-week high of GBX 1,321 ($16.74). The stock has a market cap of £12.94 billion, a price-to-earnings ratio of 4,994.23, a PEG ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The business has a 50-day moving average price of GBX 1,075.35 and a 200-day moving average price of GBX 1,058.

Insider Activity

In other news, insider Jonathan Howell sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($16.09), for a total value of £889,000 ($1,126,457.17). Company insiders own 1.08% of the company’s stock.

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.