The Sage Group (LON:SGE) Posts Earnings Results

The Sage Group (LON:SGE) announced its earnings results on Wednesday. The company reported GBX 43.20 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%.

The Sage Group Price Performance

Shares of SGE stock opened at GBX 1,111.50 on Wednesday. The stock’s 50-day moving average is GBX 1,117.03 and its 200 day moving average is GBX 1,174.62. The Sage Group has a 1-year low of GBX 1,034.50 and a 1-year high of GBX 1,349. 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 company has a market cap of £10.62 billion, a P/E ratio of 32.33, a PEG ratio of 1.22 and a beta of 0.53.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Sage Group in a research report on Thursday, September 11th. Canaccord Genuity Group raised The Sage Group to a “hold” rating and lifted their price objective for the stock from GBX 1,080 to GBX 1,100 in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,350 price objective on shares of The Sage Group in a report on Thursday, July 31st. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,480 price target on shares of The Sage Group in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 3,503.33.

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.