The Sage Group (LON:SGE) Shares Cross Above 200-Day Moving Average – Should You Sell?

The Sage Group plc (LON:SGE) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,177.07 ($15.26) and traded as high as GBX 1,196.50 ($15.51). The Sage Group shares last traded at GBX 1,173 ($15.21), with a volume of 390,530,250 shares.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SGE. Shore Capital restated a “hold” rating on shares of The Sage Group in a research report on Thursday, January 30th. Canaccord Genuity Group reaffirmed a “sell” rating and issued a GBX 1,090 ($14.13) target price on shares of The Sage Group in a report on Thursday, January 30th. Canaccord Genuity Group raised their price target on The Sage Group from GBX 970 ($12.58) to GBX 1,090 ($14.13) and gave the stock a “sell” rating in a report on Friday, November 22nd. Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on The Sage Group from GBX 1,170 ($15.17) to GBX 1,350 ($17.51) and gave the company a “hold” rating in a report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, The Sage Group currently has an average rating of “Hold” and an average target price of GBX 3,446.67 ($44.69).

The Sage Group Price Performance

The firm has a market capitalization of £11.76 billion, a PE ratio of 46.20, a P/E/G ratio of 1.22 and a beta of 0.53. The company has a 50-day moving average price of GBX 1,286.07 and a 200-day moving average price of GBX 1,178.33. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58.

The Sage Group Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th were issued a dividend of GBX 13.50 ($0.18) per share. The ex-dividend date of this dividend was Thursday, January 9th. This is an increase from The Sage Group’s previous dividend of $6.95. This represents a dividend yield of 1.25%. The Sage Group’s payout ratio is 77.74%.

The Sage Group Company Profile

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.