The Sage Group (LON:SGE) Rating Reiterated by JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of The Sage Group (LON:SGEFree Report) in a report published on Monday, MarketBeat reports. JPMorgan Chase & Co. currently has a GBX 1,300 ($16.44) price target on the stock.

A number of other analysts have also weighed in on SGE. Canaccord Genuity Group restated a buy rating and issued a GBX 615 ($7.78) target price on shares of The Sage Group in a research note on Monday. Shore Capital reaffirmed a hold rating on shares of The Sage Group in a research note on Thursday, May 16th. Finally, Jefferies Financial Group reissued a buy rating and set a GBX 1,400 ($17.71) price target on shares of The Sage Group in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, The Sage Group has a consensus rating of Moderate Buy and a consensus target price of GBX 1,127.50 ($14.26).

Read Our Latest Report on The Sage Group

The Sage Group Price Performance

Shares of The Sage Group stock opened at GBX 1,078 ($13.64) on Monday. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The company has a market cap of £10.76 billion, a PE ratio of 4,146.15, a price-to-earnings-growth ratio of 2.80 and a beta of 0.59. The firm has a fifty day moving average price of GBX 1,097.59 and a two-hundred day moving average price of GBX 1,160.22. The Sage Group has a fifty-two week low of GBX 892.40 ($11.29) and a fifty-two week high of GBX 1,285 ($16.25).

The Sage Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were issued a GBX 6.95 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a yield of 0.58%. The Sage Group’s dividend payout ratio is currently 7,692.31%.

Insider Activity at The Sage Group

In other news, insider Annette Court bought 950 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average price of GBX 1,065 ($13.47) per share, with a total value of £10,117.50 ($12,797.24). Corporate insiders own 0.67% of the company’s stock.

About The Sage Group

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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.

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Analyst Recommendations for The Sage Group (LON:SGE)

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