The Sage Group (LON:SGE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

The Sage Group plc (LON:SGE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,211.64 ($16.28) and traded as high as GBX 1,217 ($16.35). The Sage Group shares last traded at GBX 1,198 ($16.10), with a volume of 2,080,151 shares.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SGE shares. Citigroup reissued a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group restated a “sell” rating and set a GBX 1,090 ($14.64) price target on shares of The Sage Group in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 3,446.67 ($46.31).

The Sage Group Trading Down 0.1 %

The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The firm has a market capitalization of £11.86 billion, a PE ratio of 46.57, a P/E/G ratio of 1.22 and a beta of 0.53. The stock’s 50-day simple moving average is GBX 1,201.26 and its 200-day simple moving average is GBX 1,211.64.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were issued a GBX 13.50 ($0.18) dividend. The ex-dividend date was Thursday, January 9th. This is a positive change from The Sage Group’s previous dividend of $6.95. This represents a yield of 1.25%. The Sage Group’s dividend payout ratio is 77.74%.

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.