Saga (LON:SAGA) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Saga plc (LON:SAGA)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 242.77 and traded as high as GBX 275. Saga shares last traded at GBX 275, with a volume of 153,105 shares traded.

Analysts Set New Price Targets

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

Saga Stock Performance

The company has a current ratio of 1.33, a quick ratio of 0.67 and a debt-to-equity ratio of 625.34. The firm’s 50-day moving average is GBX 242.77 and its two-hundred day moving average is GBX 189.71. The stock has a market cap of £391.56 million, a price-to-earnings ratio of -6.20, a P/E/G ratio of 1.22 and a beta of 2.57.

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

Insider Buying and Selling at Saga

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

Saga Company Profile

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