Citigroup Issues Positive Forecast for The Sage Group (LON:SGE) Stock Price

The Sage Group (LON:SGE) had its target price upped by Citigroup from £135 ($169.24) to £145 ($181.77) in a research note published on Friday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. dropped their target price on shares of The Sage Group from GBX 1,300 ($16.30) to GBX 1,250 ($15.67) and set an “overweight” rating for the company in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, The Sage Group has a consensus rating of “Hold” and a consensus target price of GBX 3,481.67 ($43.65).

The Sage Group Stock Up 1.6 %

LON SGE opened at GBX 1,286 ($16.12) on Friday. The Sage Group has a 12 month low of GBX 954.20 ($11.96) and a 12 month high of GBX 1,320 ($16.55). The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The stock has a market cap of £12.81 billion, a PE ratio of 4,913.94, a P/E/G ratio of 1.22 and a beta of 0.53. The stock’s 50 day moving average is GBX 1,029.36 and its 200 day moving average is GBX 1,052.16.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. This is an increase from The Sage Group’s previous dividend of $6.95. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 1.25%. The Sage Group’s dividend payout ratio (DPR) is presently 7,692.31%.

Insider Buying and Selling

In related news, insider Jonathan Howell sold 70,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.92), for a total value of £889,000 ($1,114,454.06). 1.08% of the stock is currently owned by company insiders.

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.