Peel Hunt Reiterates Buy Rating for Saga (LON:SAGA)

Peel Hunt reissued their buy rating on shares of Saga (LON:SAGA) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently issued reports on SAGA. UBS Group reissued a neutral rating on shares of Saga in a research report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on Saga from GBX 60 ($0.79) to GBX 55 ($0.72) and set a neutral rating for the company in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 99.60 ($1.31).

Shares of LON SAGA opened at GBX 32.30 ($0.42) on Tuesday. The stock has a market cap of $350.51 million and a PE ratio of -1.77. The company has a quick ratio of 0.40, a current ratio of 1.21 and a debt-to-equity ratio of 72.23. Saga has a 52-week low of GBX 31.78 ($0.42) and a 52-week high of GBX 125.90 ($1.66). The business has a 50-day moving average price of GBX 43.70 and a 200 day moving average price of GBX 47.30.

In related news, insider James Quin acquired 108,258 shares of Saga stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of GBX 37 ($0.49) per share, with a total value of £40,055.46 ($52,690.69).

About Saga

Saga plc engages in insurance, travel, personal finance, healthcare, retirement villages, and media businesses in the United Kingdom. The company operates in three segments: Insurance, Travel, and Emerging Businesses and Central Costs. It offers car, caravan, motorhome, breakdown cover, home, landlord, holiday home, home emergency, pet, travel, boat, health, personal accident, and life insurance, as well as accidental death benefit products.

Further Reading: What is a back-end load?

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