The Sage Group (SGE) Price Target Raised to GBX 570

The Sage Group (LON:SGE) had its price target raised by UBS Group from GBX 520 ($6.79) to GBX 570 ($7.45) in a research note released on Monday, ThisIsMoney.Co.Uk reports. They currently have a sell rating on the stock.

A number of other research analysts also recently issued reports on the company. Shore Capital restated a buy rating on shares of The Sage Group in a report on Friday. Jefferies Financial Group restated a buy rating and set a GBX 825 ($10.78) price target on shares of The Sage Group in a report on Tuesday, May 7th. Barclays boosted their price target on The Sage Group from GBX 495 ($6.47) to GBX 550 ($7.19) and gave the company an underweight rating in a report on Friday, April 12th. Goldman Sachs Group restated a neutral rating on shares of The Sage Group in a report on Monday, January 28th. Finally, Numis Securities boosted their price target on The Sage Group from GBX 500 ($6.53) to GBX 630 ($8.23) and gave the company a hold rating in a report on Monday, January 21st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 630 ($8.23).

Shares of LON:SGE opened at GBX 758.40 ($9.91) on Monday. The Sage Group has a 1 year low of GBX 491.30 ($6.42) and a 1 year high of GBX 750.40 ($9.81). The stock has a market cap of $8.21 billion and a P/E ratio of 27.99. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 69.41.

The company also recently announced a dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, May 30th will be issued a dividend of GBX 5.79 ($0.08) per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 0.78%. The Sage Group’s dividend payout ratio (DPR) is 0.63%.

In other news, insider Annette Court bought 1,350 shares of The Sage Group stock in a transaction on Friday, May 17th. The shares were purchased at an average price of GBX 746 ($9.75) per share, for a total transaction of £10,071 ($13,159.55). Also, insider D. Blair Crump sold 11,026 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 668 ($8.73), for a total value of £73,653.68 ($96,241.58).

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services. It offers Sage business cloud accounting solution; Sage business cloud financials, a solution that provides real-time source of information; Sage business cloud people, a cloud HR and people system; Sage business cloud enterprise management, a solution for managing the business; and Sage Intacct, a solution for CFOs to access integrated management and financial reports across the business entities.

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Analyst Recommendations for The Sage Group (LON:SGE)

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