The Sage Group plc (LON:SGE) Receives GBX 1,189.17 Consensus Target Price from Analysts

Shares of The Sage Group plc (LON:SGE) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 1,189.17.

Several research analysts have recently weighed in on SGE shares. Deutsche Bank Aktiengesellschaft decreased their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Canaccord Genuity Group upgraded The Sage Group to a “buy” rating and lifted their price objective for the stock from GBX 1,100 to GBX 1,135 in a report on Monday, February 2nd. Shore Capital Group reissued a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Citigroup lowered their target price on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group dropped their price target on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating on the stock in a report on Tuesday, March 24th.

The Sage Group Stock Performance

Shares of SGE opened at GBX 885.02 on Friday. The business’s fifty day simple moving average is GBX 855.44 and its two-hundred day simple moving average is GBX 973.20. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 219.31. The Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,335. The company has a market cap of £8.09 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.22 and a beta of 0.30.

Insider Activity at The Sage Group

In related news, insider Derek Harding bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were bought at an average price of GBX 864 per share, for a total transaction of £86,400. Also, insider John Bates bought 35,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average price of GBX 811 per share, for a total transaction of £283,850. Insiders have purchased a total of 55,000 shares of company stock worth $45,415,000 over the last quarter. Company insiders own 1.00% 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.