The Sage Group (LON:SGE) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

The Sage Group plc (LON:SGE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,192.76 ($15.39) and traded as high as GBX 1,219 ($15.72). The Sage Group shares last traded at GBX 1,207 ($15.57), with a volume of 2,501,778 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SGE. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Thursday, January 30th. Canaccord Genuity Group reaffirmed a “sell” rating and set a GBX 1,090 ($14.06) price target on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 3,446.67 ($44.46).

The Sage Group Price Performance

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 company has a fifty day moving average price of GBX 1,262.01 and a 200 day moving average price of GBX 1,192.75. The company has a market capitalization of £11.80 billion, a P/E ratio of 46.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were paid a dividend of GBX 13.50 ($0.17) per share. This represents a yield of 1.25%. This is a positive change from The Sage Group’s previous dividend of $6.95. The ex-dividend date of this dividend was Thursday, January 9th. The Sage Group’s payout ratio is presently 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.