The Sage Group (SGE) Given Underweight Rating at Barclays

Barclays reaffirmed their underweight rating on shares of The Sage Group (LON:SGE) in a research note released on Thursday morning.

SGE has been the topic of several other reports. UBS Group reiterated a neutral rating and set a GBX 700 ($9.15) target price on shares of The Sage Group in a research report on Tuesday, September 25th. Shore Capital reiterated a buy rating on shares of The Sage Group in a research report on Friday, November 2nd. Deutsche Bank upgraded shares of The Sage Group to a hold rating and set a GBX 540 ($7.06) target price on the stock in a research report on Wednesday, October 10th. Citigroup reiterated a buy rating and set a GBX 680 ($8.89) target price on shares of The Sage Group in a research report on Monday, September 3rd. Finally, Canaccord Genuity upgraded shares of The Sage Group to a hold rating and set a GBX 540 ($7.06) target price on the stock in a research report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 638.33 ($8.34).

LON SGE opened at GBX 579.80 ($7.58) on Thursday. The Sage Group has a 52-week low of GBX 613 ($8.01) and a 52-week high of GBX 825.20 ($10.78).

The firm also recently announced a dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be given a dividend of GBX 10.85 ($0.14) per share. This is a positive change from The Sage Group’s previous dividend of $5.65. This represents a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, February 7th.

In other The Sage Group news, insider Donald H. Brydon bought 22,000 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The shares were acquired at an average cost of GBX 515 ($6.73) per share, for a total transaction of £113,300 ($148,046.52).

The Sage Group Company Profile

The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.

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Analyst Recommendations for The Sage Group (LON:SGE)

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