Brokerages Set The Sage Group plc (LON:SGE) Target Price at GBX 1,189.17

Shares of The Sage Group plc (LON:SGE) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given 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.

A number of equities analysts have recently commented on SGE shares. Jefferies Financial Group reduced their price objective on shares of The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 24th. Canaccord Genuity Group raised shares of The Sage Group to a “buy” rating and raised their price objective for the stock from GBX 1,100 to GBX 1,135 in a report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a report on Wednesday, January 28th. Shore Capital Group reaffirmed a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th. Finally, Citigroup reduced their price objective on shares of The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a report on Tuesday, March 10th.

The Sage Group Price Performance

LON:SGE opened at GBX 854.80 on Monday. The company has a 50-day moving average of GBX 838.79 and a 200-day moving average of GBX 1,004.08. The company has a market capitalization of £7.89 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.22 and a beta of 0.30. The Sage Group has a 52 week low of GBX 771.66 and a 52 week high of GBX 1,335. The company has a debt-to-equity ratio of 219.31, a quick ratio of 0.58 and a current ratio of 0.60.

Insider Transactions at The Sage Group

In other The Sage Group news, insider Derek Harding acquired 10,000 shares of The Sage Group stock in a transaction dated Monday, February 9th. The stock was bought at an average cost of GBX 864 per share, with a total value of £86,400. Also, insider John Bates acquired 35,000 shares of The Sage Group stock in a transaction dated Thursday, February 12th. The shares were acquired at an average cost of GBX 811 per share, with a total value of £283,850. In the last three months, insiders acquired 55,000 shares of company stock valued at $45,415,000. 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.