Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 623.60p
Change Today:
-1.80p
Market Cap:
6,713m
Sector:
Software & Computer Services

Citi upgrades Sage to 'buy' from 'neutral'

By Michele Maatouk

Date: Thursday 08 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Citi upgraded its stance on shares of software company Sage on Thursday to 'buy' from 'neutral' as it pointed to improving news flow.
"Covid uncertainty and the short-term margin outlook have led to Sage underperforming since its 100p price fall to 588p on FY21 results day (20th November 2020)," Citi said.

"We believe that news flow has begun to turn more positive and the valuation will begin to reflect growing confidence in the group's longer-term growth prospects."

As a result, the bank said it has adjusted its longer-term top-line growth and margin assumptions in the discounted cash flow-based valuation model, giving it a new target price of 770p per share from 619p.

"In addition, Sage's cash flow characteristics and balance sheet strength would, we believe, support an leveraged buyout-type takeout price of 790p."

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

 

Sage Group Market Data

Currency UK Pounds
Price 623.60p
Change Today -1.80p
52 Week High 765.40p
52 Week Low 558.60p
Volume 2,720,183
Shares Issued 1,076.53m
Market Cap 6,713m
Beta 0.01

Performance Indicators

Compare performance with the sector and the market.

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Income
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Dividend Yield
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Operating Margin
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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 6
Sell 0
Strong Sell 2
Total 15
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sage Group Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Jan-21 21-May-20
Paid 11-Feb-21 12-Jun-20
Amount 11.32p 5.93p

Trades for 13-May-2021

Time Volume / Share Price
16:35 837,989 @ 623.60p
16:29 1 @ 624.60p
16:29 104 @ 624.60p
16:29 3 @ 624.20p
16:29 16 @ 624.60p

Sage Group Key Personnel

Chair Donald H Brydon
CFO Jonathan Howell
CEO Steve Hare