The Sage Group plc (LON:SGE) has received an average rating of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 782.18 ($10.61).
Several research analysts have issued reports on SGE shares. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 700 ($9.49) price objective on shares of The Sage Group in a report on Tuesday, October 10th. Barclays reaffirmed an “equal weight” rating on shares of The Sage Group in a report on Thursday, October 12th. Goldman Sachs Group reaffirmed a “buy” rating and set a GBX 850 ($11.53) price objective on shares of The Sage Group in a report on Thursday, November 16th. Deutsche Bank upped their price objective on The Sage Group from GBX 700 ($9.49) to GBX 740 ($10.04) and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Jefferies Group upped their price objective on The Sage Group from GBX 770 ($10.44) to GBX 880 ($11.93) and gave the stock a “buy” rating in a report on Monday, November 20th.
In other news, insider Steve Hare sold 88,880 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of GBX 759 ($10.29), for a total value of £674,599.20 ($914,834.83).
The business also recently declared a dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 8th will be paid a GBX 10.20 ($0.14) dividend. The ex-dividend date is Thursday, February 8th. This represents a dividend yield of 1.27%. This is an increase from The Sage Group’s previous dividend of $5.22.
About The Sage Group
The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.
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