Numis Securities Ltd restated their add rating on shares of The Sage Group plc (LON:SGE) in a research report sent to investors on Thursday. They currently have a GBX 765 ($9.55) price objective on the stock.
Other equities analysts have also recently issued reports about the company. BNP Paribas cut The Sage Group plc to a sell rating in a report on Friday, October 21st. Bryan, Garnier & Co reissued a sell rating and set a GBX 690 ($8.61) price target on shares of The Sage Group plc in a report on Wednesday, November 30th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 730 ($9.11) price target on shares of The Sage Group plc in a report on Thursday, December 8th. Credit Suisse Group reissued an underperform rating and set a GBX 600 ($7.49) price target on shares of The Sage Group plc in a report on Monday, January 9th. Finally, Goldman Sachs Group, Inc. (The) raised The Sage Group plc to a conviction-buy rating and increased their price target for the company from GBX 850 ($10.61) to GBX 870 ($10.86) in a report on Friday, November 18th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The Sage Group plc currently has an average rating of Hold and an average price target of GBX 658.27 ($8.21).
The Sage Group plc (LON:SGE) traded up 1.84% during trading on Thursday, reaching GBX 610.00. The company had a trading volume of 5,032,056 shares. The firm’s 50-day moving average price is GBX 648.59 and its 200 day moving average price is GBX 693.24. The Sage Group plc has a one year low of GBX 549.50 and a one year high of GBX 761.00. The firm’s market capitalization is GBX 6.58 billion.
The company also recently disclosed a dividend, which will be paid on Friday, March 3rd. Shareholders of record on Thursday, February 9th will be paid a GBX 9.35 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, February 9th. This represents a yield of 1.42%. This is an increase from The Sage Group plc’s previous dividend of $4.80.
In other news, insider Donald H. Brydon acquired 10,000 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was acquired at an average price of GBX 600 ($7.49) per share, with a total value of £60,000 ($74,878.32).
The Sage Group plc Company Profile
The Sage Group plc is a United Kingdom-based company, which provides small and medium sized enterprises (SMEs) with a range of business management software and services, including accounting, human resource (HR) and payroll, enterprise resource planning (ERP), payments, customer relationship management (CRM), mobility and business intelligence.