The Sage Group (LON:SGE) Hits New 52-Week Low – Here’s What Happened

The Sage Group plc (LON:SGE)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 778.80 and last traded at GBX 780.40, with a volume of 57700492 shares trading hands. The stock had previously closed at GBX 819.20.

Analyst Ratings Changes

A number of analysts recently issued reports on SGE shares. Panmure Gordon reissued a “hold” rating and set a GBX 1,300 price objective on shares of The Sage Group in a research report on Thursday, November 20th. Canaccord Genuity Group upgraded shares of The Sage Group to a “buy” rating and lifted their price target for the company from GBX 1,100 to GBX 1,135 in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Shore Capital Group reaffirmed a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group lifted their target price on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,247.

The Sage Group Trading Down 4.3%

The company’s fifty day moving average is GBX 990.91 and its two-hundred day moving average is GBX 1,064.64. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The stock has a market cap of £7.36 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group announced that its board has initiated a stock buyback program on Wednesday, November 19th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at The Sage Group

In other The Sage Group news, insider Lori Mitchell- Keller bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of GBX 839 per share, with a total value of £83,900. Also, insider John Bates bought 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of GBX 811 per share, with a total value of £283,850. Insiders have bought a total of 55,000 shares of company stock valued at $45,415,000 over the last ninety days. Company insiders own 0.99% 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.