The Sage Group plc (LON:SGE) Given Average Recommendation of “Moderate Buy” by Brokerages

The Sage Group plc (LON:SGE) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,230.83.

Several brokerages recently commented on SGE. Jefferies Financial Group raised their price objective on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. decreased their target price on The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft lowered their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a report on Wednesday, January 28th. Citigroup cut their price objective on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Finally, Panmure Gordon reiterated a “hold” rating and issued a GBX 1,300 price objective on shares of The Sage Group in a research report on Thursday, November 20th.

The Sage Group Trading Down 0.6%

SGE opened at GBX 832 on Thursday. The firm’s fifty day moving average is GBX 901.68 and its two-hundred day moving average is GBX 1,029.97. The firm has a market cap of £7.79 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. The Sage Group has a twelve month low of GBX 771.66 and a twelve month high of GBX 1,335. The company has a debt-to-equity ratio of 219.31, a quick ratio of 0.58 and a current ratio of 0.60.

The Sage Group declared that its Board of Directors has authorized a share buyback plan on Wednesday, November 19th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, insider Lori Mitchell- Keller acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of GBX 839 per share, for a total transaction of £83,900. Also, insider John Bates acquired 35,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average cost of GBX 811 per share, for a total transaction of £283,850. Insiders purchased 55,000 shares of company stock worth $45,415,000 over the last quarter. 1.00% of the stock is currently owned by company insiders.

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.