Shares of The Sage Group plc (LON:SGE) have received a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 792.90 ($10.95).
SGE has been the topic of a number of research analyst reports. Numis Securities lifted their target price on The Sage Group from GBX 813 ($11.23) to GBX 861 ($11.90) and gave the company an “add” rating in a research report on Thursday, November 23rd. Shore Capital restated a “buy” rating on shares of The Sage Group in a research report on Wednesday, January 24th. Bryan, Garnier & Co lifted their target price on The Sage Group from GBX 830 ($11.47) to GBX 860 ($11.88) and gave the company a “buy” rating in a research report on Thursday, November 23rd. Jefferies Group lifted their target price on The Sage Group from GBX 770 ($10.64) to GBX 880 ($12.16) and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a GBX 850 ($11.74) price objective on shares of The Sage Group in a research note on Thursday, November 16th.
In related news, insider Steve Hare sold 88,880 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of GBX 759 ($10.49), for a total transaction of £674,599.20 ($932,024.32).
The business also recently announced a dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 8th will be paid a dividend of GBX 10.20 ($0.14) per share. This represents a yield of 1.27%. This is a boost from The Sage Group’s previous dividend of $5.22. The ex-dividend date is Thursday, February 8th.
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About The Sage Group
The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.
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