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Sage Group plc ( (GB:SGE) ) just unveiled an announcement.
Sage Group plc has executed a share buyback, acquiring 80,699 of its ordinary shares on the London Stock Exchange, with the highest price paid per share being 1,230.00 pence. This move is part of a previously announced buyback program aimed at optimizing the company’s capital structure and is expected to conclude by June 2025.
The most recent analyst rating on (GB:SGE) stock is a Buy with a £15.00 price target. To see the full list of analyst forecasts on Sage Group plc stock, see the GB:SGE Stock Forecast page.
Spark’s Take on GB:SGE Stock
According to Spark, TipRanks’ AI Analyst, GB:SGE is a Outperform.
Sage Group plc’s strong financial performance, strategic share buybacks, and positive earnings call guidance support a solid outlook. However, technical analysis suggests potential short-term weaknesses, and high valuation metrics raise concerns about overvaluation. Overall, the stock reflects moderate confidence for future performance, balanced by strong fundamentals and strategic advancements.
To see Spark’s full report on GB:SGE stock, click here.
More about Sage Group plc
Sage Group plc operates within the software industry, primarily offering accounting, payroll, and payment systems for small and medium-sized enterprises. The company focuses on providing solutions that streamline business processes and enhance financial management for its clients.
Average Trading Volume: 2,688,984
Technical Sentiment Signal: Buy
Current Market Cap: £12.51B
See more insights into SGE stock on TipRanks’ Stock Analysis page.