Barclays Boosts The Sage Group (LON:SGE) Price Target to GBX 580

The Sage Group (LON:SGE) had its price objective raised by Barclays from GBX 550 ($7.19) to GBX 580 ($7.58) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports. The firm currently has an underweight rating on the stock.

Other analysts also recently issued reports about the company. Jefferies Financial Group reissued a hold rating and issued a $75.00 price objective on shares of Bayerische Motoren Werke in a research note on Tuesday, May 7th. Shore Capital reissued a buy rating on shares of The Sage Group in a research note on Friday, May 17th. UBS Group downgraded CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a research note on Monday, May 20th. Numis Securities reissued a buy rating and issued a GBX 340 ($4.44) price objective on shares of BT Group in a research note on Monday, May 20th. Finally, JPMorgan Chase & Co. set a $90.00 price objective on Duke Energy and gave the stock a hold rating in a research note on Monday, May 20th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 645.50 ($8.43).

Shares of LON:SGE opened at GBX 811.40 ($10.60) on Monday. The business has a 50 day moving average price of GBX 777.35. The company has a market capitalization of $8.81 billion and a price-to-earnings ratio of 28.27. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 55.89. The Sage Group has a 52-week low of GBX 491.30 ($6.42) and a 52-week high of GBX 826 ($10.79).

The business also recently disclosed a dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 30th were paid a GBX 5.79 ($0.08) dividend. This represents a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, May 30th. The Sage Group’s dividend payout ratio (DPR) is presently 0.59%.

In other The Sage Group news, insider Cath Keers purchased 40,976 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was bought at an average cost of GBX 517 ($6.76) per share, with a total value of £211,845.92 ($276,814.22). Also, insider Annette Court purchased 1,350 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average cost of GBX 746 ($9.75) per share, with a total value of £10,071 ($13,159.55).

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.

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