Saga (LON:SAGA) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Saga plc (LON:SAGA) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 224.03 ($2.98) and traded as high as GBX 278.50 ($3.71). Saga shares last traded at GBX 273.50 ($3.64), with a volume of 1,152,396 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Saga from GBX 185 to GBX 285 and gave the company a “buy” rating in a report on Wednesday, September 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 285.

Saga Price Performance

The company has a debt-to-equity ratio of 625.34, a current ratio of 1.33 and a quick ratio of 0.67. The stock’s fifty day moving average is GBX 224.03 and its 200-day moving average is GBX 177.86. The stock has a market cap of £393.52 million, a PE ratio of -622.69, a price-to-earnings-growth ratio of 1.22 and a beta of 2.57.

Saga (LON:SAGA) last announced its quarterly earnings data on Wednesday, September 24th. The company reported GBX 16.80 earnings per share (EPS) for the quarter. Saga had a negative net margin of 18.42% and a negative return on equity of 87.14%. As a group, equities analysts anticipate that Saga plc will post 34.7826087 EPS for the current year.

Insiders Place Their Bets

In related news, insider Roger De Haan bought 1,200,000 shares of the stock in a transaction on Friday, September 26th. The stock was bought at an average price of GBX 274 per share, with a total value of £3,288,000. 30.77% of the stock is currently owned by company insiders.

About Saga

Saga exists to deliver exceptional experiences for our customers every day, whilst being a driver of positive change in our markets and communities.