The Sage Group (LON:SGE) Given New GBX 1,300 Price Target at JPMorgan Chase & Co.

The Sage Group (LON:SGE) had its price objective cut by stock analysts at JPMorgan Chase & Co. from GBX 1,500 to GBX 1,300 in a research report issued on Thursday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 21.61% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group reissued a “hold” rating and set a GBX 1,100 target price on shares of The Sage Group in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on The Sage Group from GBX 1,350 to GBX 1,250 and set a “hold” rating for the company in a report on Wednesday, November 19th. Jefferies Financial Group lifted their target price on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research report on Thursday, November 20th. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Thursday, November 20th. Finally, Panmure Gordon reaffirmed a “hold” rating and set a GBX 1,300 price objective on shares of The Sage Group in a report on Thursday, November 20th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, The Sage Group has a consensus rating of “Hold” and an average target price of GBX 1,260.

The Sage Group Price Performance

Shares of LON:SGE opened at GBX 1,069 on Thursday. The Sage Group has a twelve month low of GBX 1,034.50 and a twelve month high of GBX 1,349. The stock’s 50 day moving average is GBX 1,114.66 and its 200-day moving average is GBX 1,160.83. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The firm has a market capitalization of £10.21 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last announced its quarterly earnings results on Wednesday, November 19th. The company reported GBX 43.20 EPS for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. Sell-side analysts forecast that The Sage Group will post 42.1496095 EPS for the current fiscal year.

The Sage Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, November 19th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

About The Sage Group

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.