Saga (LON:SAGA) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Saga plc (LON:SAGA) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 587.31 and traded as high as GBX 644. Saga shares last traded at GBX 635.23, with a volume of 436,887 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SAGA shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 795 price target on shares of Saga in a research report on Friday, August 21st. Berenberg Bank restated a “buy” rating and issued a GBX 1,025 price objective on shares of Saga in a research report on Thursday, July 9th. Two investment analysts have 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 price target of GBX 910.

Saga Trading Down 1.5%

The firm has a market capitalization of £893.39 million, a PE ratio of 256.03, a P/E/G ratio of 1.22 and a beta of 2.02. The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 934.58. The business’s fifty day moving average price is GBX 662.95 and its 200 day moving average price is GBX 587.80.

Insider Buying and Selling

In other Saga news, insider Mark Watkins purchased 276 shares of the business’s stock in a transaction on Wednesday, July 15th. The stock was bought at an average cost of GBX 652 per share, for a total transaction of £1,799.52. Also, insider Mike Hazell purchased 276 shares of Saga stock in a transaction on Wednesday, July 15th. The shares were acquired at an average cost of GBX 652 per share, for a total transaction of £1,799.52. 30.38% 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.