The Sage Group (LON:SGE) Earns Hold Rating from Shore Capital

The Sage Group (LON:SGE)‘s stock had its “hold” rating restated by equities researchers at Shore Capital in a report issued on Tuesday, Marketbeat Ratings reports.

A number of other research analysts have also recently issued reports on SGE. Panmure Gordon reiterated a “hold” rating and issued a GBX 1,300 target price on shares of The Sage Group in a research report on Thursday, November 20th. Canaccord Genuity Group reaffirmed a “hold” rating and set a GBX 1,100 price target on shares of The Sage Group in a report on Thursday, November 20th. Jefferies Financial Group upped their price objective on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of The Sage Group from GBX 1,250 to GBX 1,200 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,240.

The Sage Group Stock Up 0.6%

LON SGE opened at GBX 995.40 on Tuesday. The business has a fifty day moving average price of GBX 1,067.10 and a two-hundred day moving average price of GBX 1,111.54. 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 Sage Group has a fifty-two week low of GBX 988.40 and a fifty-two week high of GBX 1,349. The stock has a market capitalization of £9.46 billion, a PE ratio of 26.79, a PEG ratio of 1.22 and a beta of 0.53.

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

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

Insiders Place Their Bets

In related news, insider Jonathan Howell sold 88,727 shares of the 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. Also, insider Steve Hare sold 127,828 shares of the firm’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 £1,361,368.20. Corporate insiders own 0.95% of the company’s stock.

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.