Saga (LON:SAGA) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Saga plc (LON:SAGA)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 539.26 and traded as high as GBX 607. Saga shares last traded at GBX 596.18, with a volume of 300,530 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 600 target price on shares of Saga in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Saga has an average rating of “Buy” and an average target price of GBX 600.

Saga Stock Down 2.4%

The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 934.58. The company has a market capitalization of £842.66 million, a price-to-earnings ratio of 243.90, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02. The firm’s fifty day simple moving average is GBX 539.26 and its two-hundred day simple moving average is GBX 436.68.

Saga (LON:SAGA) last released its quarterly earnings results on Wednesday, April 15th. The company reported GBX (2.90) earnings per share (EPS) for the quarter. The company had revenue of £660 million during the quarter. Saga had a negative net margin of 1.53% and a negative return on equity of 15.72%. Sell-side analysts anticipate that Saga plc will post 34.7826087 EPS for the current year.

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.