Deutsche Bank Aktiengesellschaft Has Lowered Expectations for The Sage Group (LON:SGE) Stock Price

The Sage Group (LON:SGE) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 1,250 to GBX 1,200 in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 17.07% from the stock’s previous close.

Other analysts also recently issued reports about the company. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research report on Thursday, November 20th. Panmure Gordon reissued 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. Canaccord Genuity Group restated a “hold” rating and issued a GBX 1,100 target price on shares of The Sage Group in a research note on Thursday, November 20th. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, Jefferies Financial Group boosted their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a report on Thursday, November 20th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, The Sage Group has an average rating of “Hold” and a consensus target price of GBX 1,250.

The Sage Group Stock Performance

The Sage Group stock opened at GBX 1,025 on Tuesday. 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 firm has a market capitalization of £9.74 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group has a 1-year low of GBX 1,024.27 and a 1-year high of GBX 1,349. The company’s 50-day moving average is GBX 1,074.57 and its 200 day moving average is GBX 1,118.91.

The Sage Group (LON:SGE) last released its earnings results on Wednesday, November 19th. The company reported GBX 43.20 EPS for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. Research analysts forecast that The Sage Group will post 42.1496095 EPS for the current year.

The Sage Group announced that its board has authorized a share repurchase program on Wednesday, November 19th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at The Sage Group

In other news, insider Steve Hare sold 127,828 shares of The Sage Group stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value 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 stock was sold at an average price of GBX 1,065, for a total value of £944,942.55. 0.95% of the stock is currently owned by company insiders.

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.