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

The Sage Group (LON:SGE) had its price objective reduced by Deutsche Bank Aktiengesellschaft from GBX 1,200 to GBX 1,150 in a report issued on Wednesday, Marketbeat reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 20.42% from the company’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their target price on 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 restated a “hold” rating and set a GBX 1,300 price target on shares of The Sage Group in a research note on Thursday, November 20th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Tuesday. Canaccord Genuity Group reissued a “hold” rating and set a GBX 1,100 price objective on shares of The Sage Group in a report on Thursday, November 20th. Finally, Jefferies Financial Group raised their target price 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. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, The Sage Group currently has an average rating of “Hold” and an average target price of GBX 1,240.

The Sage Group Trading Down 4.1%

SGE opened at GBX 955 on Wednesday. The stock has a market cap of £9.08 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group has a one year low of GBX 945 and a one year high of GBX 1,349. 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 stock’s 50 day moving average price is GBX 1,064.35 and its 200-day moving average price is GBX 1,110.45.

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

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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Jonathan Howell sold 88,727 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £944,942.55. Also, insider Steve Hare sold 127,828 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total transaction of £1,361,368.20. Insiders own 0.95% of the company’s stock.

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.