The Sage Group (LON:SGE) Given New GBX 1,250 Price Target at JPMorgan Chase & Co.

The Sage Group (LON:SGE) had its price objective decreased by JPMorgan Chase & Co. from GBX 1,300 ($16.72) to GBX 1,250 ($16.08) in a research note issued to investors on Wednesday, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms have also issued reports on SGE. Canaccord Genuity Group reiterated a buy rating and issued a GBX 615 ($7.91) target price on shares of The Sage Group in a research note on Monday, July 1st. Shore Capital restated a hold rating on shares of The Sage Group in a research report on Thursday, May 16th. Finally, Jefferies Financial Group restated a buy rating and issued a GBX 1,400 ($18.01) price target on shares of The Sage Group in a research report on Thursday, June 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of GBX 1,173 ($15.09).

The Sage Group Stock Performance

LON:SGE opened at GBX 1,045.50 ($13.45) on Wednesday. The Sage Group has a 1 year low of GBX 920 ($11.83) and a 1 year high of GBX 1,285 ($16.53). The firm’s fifty day simple moving average is GBX 1,059.86 and its 200 day simple moving average is GBX 1,144.50. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The firm has a market capitalization of £10.44 billion, a PE ratio of 4,021.15, a PEG ratio of 2.80 and a beta of 0.59.

The Sage Group Cuts Dividend

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

Insider Transactions at The Sage Group

In other The Sage Group news, insider Annette Court acquired 950 shares of The Sage Group stock in a transaction dated Tuesday, June 18th. The stock was bought at an average cost of GBX 1,065 ($13.70) per share, with a total value of £10,117.50 ($13,014.54). 0.67% of the stock is owned by insiders.

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.