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.