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

Saga plc (LON:SAGA)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 562.55 and traded as high as GBX 591. Saga shares last traded at GBX 576.82, with a volume of 527,853 shares.

Wall Street Analysts Forecast Growth

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

Saga Stock Performance

The company has a debt-to-equity ratio of 934.58, a quick ratio of 0.67 and a current ratio of 1.35. The firm’s 50 day simple moving average is GBX 562.55 and its 200-day simple moving average is GBX 483.44. The company has a market cap of £838.64 million, a price-to-earnings ratio of 240.34, a PEG ratio of 1.22 and a beta of 2.02.

Saga (LON:SAGA) last issued its earnings results on Wednesday, April 15th. The company reported GBX (2.90) EPS for the quarter. The business 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%. On average, sell-side analysts predict 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.