The Sage Group (LON:SGE) Receives “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of The Sage Group (LON:SGE) in a research report released on Monday, Marketbeat reports. The firm currently has a GBX 1,300 ($16.44) price objective on the stock.

Other analysts also recently issued reports about the company. Canaccord Genuity Group restated a buy rating and set a GBX 615 ($7.78) price objective on shares of The Sage Group in a research report on Monday. Shore Capital reiterated a hold rating on shares of The Sage Group in a research report on Thursday, May 16th. Finally, Jefferies Financial Group reiterated a buy rating and issued a GBX 1,400 ($17.71) target price on shares of The Sage Group in a research report on Thursday, June 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of GBX 1,127.50 ($14.26).

The Sage Group Price Performance

Shares of SGE stock opened at GBX 1,081 ($13.67) on Monday. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The Sage Group has a twelve month low of GBX 892.40 ($11.29) and a twelve month high of GBX 1,285 ($16.25). The company has a market cap of £10.79 billion, a P/E ratio of 4,157.69, a P/E/G ratio of 2.80 and a beta of 0.59. The business has a fifty day simple moving average of GBX 1,099.24 and a 200 day simple moving average of GBX 1,160.80.

The Sage Group Cuts Dividend

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

Insider Activity

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

About The Sage Group

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.