Saga (LON:SAGA) Reaches New 52-Week High – Should You Buy?

Saga plc (LON:SAGA)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 685 and last traded at GBX 659, with a volume of 31676 shares. The stock had previously closed at GBX 663.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SAGA shares. Berenberg Bank reissued a “buy” rating and set a GBX 1,025 price objective on shares of Saga in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Saga from GBX 600 to GBX 795 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Saga presently has an average rating of “Buy” and an average target price of GBX 910.

Saga Stock Up 0.8%

The company has a market cap of £981.38 million, a P/E ratio of 281.25, a P/E/G ratio of 1.22 and a beta of 2.02. The stock has a 50-day moving average of GBX 600.72 and a two-hundred day moving average of GBX 550.77. The company has a debt-to-equity ratio of 934.58, a quick ratio of 0.67 and a current ratio of 1.35.

Insider Activity at Saga

In other news, insider Mark Watkins sold 30,205 shares of the business’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of GBX 670, for a total value of £202,373.50. Also, insider Mike Hazell acquired 276 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average cost of GBX 652 per share, with a total value of £1,799.52. Company insiders own 30.38% of the company’s stock.

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.