Sage Group (SGE)

Sector:

IT Services

Index:

FTSE 100

1,161.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 1,282.00
  • 52 Week Low: 803.00
  • Currency: UK Pounds
  • Shares Issued: 1,002.78m
  • Volume: 112,034
  • Market Cap: £11,647m
  • RiskGrade: 136
  • Beta: 0.00

Barclays downgrades Sage Group to 'underweight'

By Michele Maatouk

Date: Monday 22 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Barclays downgraded Sage Group on Monday to 'underweight' from 'equalweight' and cut the price target to 985p from 1,050p.
The bank said annualised recurring revenue (ARR) growth and the pace of margin expansion peaking, combined with an elevated valuation, "all suggest it's as good as it gets for Sage shares".

"With NCA growth slowing and risks to NRR from the macro backdrop, we see better value elsewhere," Barclays said.

At 1320 GMT, the shares were down 0.5% at 1,146p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sage Market Data

Currency UK Pounds
Share Price 1,161.50p
Change Today 0.50p
% Change 0.04 %
52 Week High 1,282.00
52 Week Low 803.00
Volume 112,034
Shares Issued 1,002.78m
Market Cap £11,647m
Beta 0.00
RiskGrade 136

Sage Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.47% below the market average99.47% below the market average99.47% below the market average99.47% below the market average99.47% below the market average
95.18% below the sector average95.18% below the sector average95.18% below the sector average95.18% below the sector average95.18% below the sector average
Price Trend
84.23% above the market average84.23% above the market average84.23% above the market average84.23% above the market average84.23% above the market average
69.57% above the sector average69.57% above the sector average69.57% above the sector average69.57% above the sector average69.57% above the sector average
Income
95.98% below the market average95.98% below the market average95.98% below the market average95.98% below the market average95.98% below the market average
46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average
Growth
48.58% below the market average48.58% below the market average48.58% below the market average48.58% below the market average48.58% below the market average
60.47% below the sector average60.47% below the sector average60.47% below the sector average60.47% below the sector average60.47% below the sector average

What The Brokers Say

Strong Buy 3
Buy 5
Neutral 8
Sell 1
Strong Sell 2
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sage Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jan-24 01-Jun-23
Paid 09-Feb-24 23-Jun-23
Amount 12.75p 6.55p

Trades for 02-May-2024

Time Volume / Share Price
11:15 24 @ 1,161.50p
11:15 114 @ 1,161.50p
11:15 381 @ 1,161.00p
11:15 498 @ 1,161.00p
11:15 2 @ 1,161.00p

Sage Key Personnel

CFO Jonathan Howell
CEO Steve Hare
Chair Andrew Duff

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