Sage Group plc’s (SGE) Add Rating Reaffirmed at AlphaValue

Sage Group plc’s (SGE) Add Rating Reaffirmed at AlphaValue

AlphaValue reissued their add rating on shares of The Sage Group plc (LON:SGE) in a report published on Thursday. The brokerage currently has a GBX 722 ($9.01) price target on the stock.

A number of other research analysts have also recently issued reports on the company. Bryan, Garnier & Co reissued a neutral rating and set a GBX 650 ($8.11) price objective on shares of The Sage Group plc in a report on Thursday. Canaccord Genuity cut The Sage Group plc to a sell rating and cut their price objective for the company from GBX 650 ($8.11) to GBX 585 ($7.30) in a report on Tuesday. Goldman Sachs Group, Inc. (The) lifted their price objective on The Sage Group plc from GBX 850 ($10.61) to GBX 900 ($11.23) and gave the company a buy rating in a report on Friday, January 20th. Barclays PLC reissued an underweight rating and set a GBX 540 ($6.74) price objective on shares of The Sage Group plc in a report on Tuesday, January 10th. Finally, Credit Suisse Group restated an underperform rating and issued a GBX 600 ($7.49) target price on shares of The Sage Group plc in a research note on Monday, January 9th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The Sage Group plc presently has an average rating of Hold and an average target price of GBX 658.27 ($8.21).

Shares of The Sage Group plc (LON:SGE) traded up 1.84% during midday trading on Thursday, reaching GBX 610.00. 5,032,056 shares of the company’s stock were exchanged. The firm has a 50-day moving average of GBX 648.59 and a 200-day moving average of GBX 693.24. The company’s market capitalization is GBX 6.58 billion. The Sage Group plc has a 1-year low of GBX 549.50 and a 1-year high of GBX 761.00.

The business also recently declared a dividend, which will be paid on Friday, March 3rd. Shareholders of record on Thursday, February 9th will be given a dividend of GBX 9.35 ($0.12) per share. This is a positive change from The Sage Group plc’s previous dividend of $4.80. The ex-dividend date is Thursday, February 9th. This represents a dividend yield of 1.42%.

In related news, insider Donald H. Brydon purchased 10,000 shares of the stock in a transaction on Thursday, January 26th. The shares were purchased at an average price of GBX 600 ($7.49) per share, with a total value of £60,000 ($74,878.32).

About The Sage Group plc

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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