The Sage Group (SGE) Stock Price Down 0.3%

Shares of The Sage Group plc (LON:SGE) fell 0.3% on Monday . The company traded as low as GBX 762 ($10.26) and last traded at GBX 765.50 ($10.30). 3,325,809 shares changed hands during trading, an increase of 21% from the average session volume of 2,740,000 shares. The stock had previously closed at GBX 768 ($10.34).

A number of research firms have recently weighed in on SGE. Canaccord Genuity increased their target price on shares of The Sage Group from GBX 585 ($7.87) to GBX 636 ($8.56) and gave the stock a “sell” rating in a report on Thursday, November 23rd. Numis Securities increased their target price on shares of The Sage Group from GBX 813 ($10.94) to GBX 861 ($11.59) and gave the stock an “add” rating in a report on Thursday, November 23rd. Deutsche Bank reiterated a “hold” rating and set a GBX 740 ($9.96) target price on shares of The Sage Group in a report on Thursday, November 23rd. Barclays reiterated an “equal weight” rating on shares of The Sage Group in a report on Thursday, November 23rd. Finally, Credit Suisse Group raised their price objective on shares of The Sage Group from GBX 700 ($9.42) to GBX 790 ($10.63) and gave the stock a “neutral” rating in a report on Thursday, November 23rd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 756.93 ($10.19).

The firm also recently announced a dividend, which will be paid on Friday, March 2nd. Stockholders of record on Thursday, February 8th will be issued a dividend of GBX 10.20 ($0.14) per share. This represents a dividend yield of 1.27%. This is a positive change from The Sage Group’s previous dividend of $5.22. The ex-dividend date is Thursday, February 8th.

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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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