Deutsche Bank Aktiengesellschaft Cuts The Sage Group (LON:SGE) Price Target to GBX 1,150

The Sage Group (LON:SGE) had its target price reduced by Deutsche Bank Aktiengesellschaft from GBX 1,200 to GBX 1,150 in a report issued on Wednesday morning, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating on the stock in a research report on Thursday, December 4th. Panmure Gordon reiterated a “hold” rating and issued a GBX 1,300 price target on shares of The Sage Group in a research note on Thursday, November 20th. Canaccord Genuity Group reissued a “hold” rating and set a GBX 1,100 price target on shares of The Sage Group in a research report on Thursday, November 20th. Shore Capital restated a “hold” rating on shares of The Sage Group in a report on Tuesday. Finally, Jefferies Financial Group lifted their target price on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 1,240.

The Sage Group Stock Up 0.3%

SGE stock opened at GBX 957.40 on Wednesday. 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 stock has a market capitalization of £9.10 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a fifty-two week low of GBX 945 and a fifty-two week high of GBX 1,349. The business has a 50-day moving average of GBX 1,062.21 and a 200-day moving average of GBX 1,108.61.

The Sage Group (LON:SGE) last announced its earnings results on Wednesday, November 19th. The company reported GBX 43.20 earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. On average, sell-side analysts anticipate that The Sage Group will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group announced that its board has initiated a stock repurchase plan on Wednesday, November 19th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at The Sage Group

In other The Sage Group news, insider Steve Hare sold 127,828 shares of The Sage Group stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total transaction of £1,361,368.20. Also, insider Jonathan Howell sold 88,727 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were 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.