Sage Group plc (SGE) Receives Add Rating from Numis Securities Ltd

Sage Group plc (SGE) Receives Add Rating from Numis Securities Ltd

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.

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