Saga (LON:SAGA) Hits New 1-Year High on Analyst Upgrade

Saga plc (LON:SAGA) hit a new 52-week high during trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 1,025 to GBX 1,130. Berenberg Bank currently has a buy rating on the stock. Saga traded as high as GBX 769 and last traded at GBX 767.13, with a volume of 19086664 shares changing hands. The stock had previously closed at GBX 641.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 795 target price on shares of Saga in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 962.50.

Insiders Place Their Bets

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

Saga News Summary

Here are the key news stories impacting Saga this week:

• Positive Sentiment: The higher target reflects a more optimistic analyst outlook and implies substantial potential upside from Saga’s recent trading level. The recommendation may be supporting buying interest, with the shares trading close to their 52-week high. Saga Stock Price Target Raised at Berenberg Bank

Saga Price Performance

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 stock’s 50-day moving average price is GBX 652.95 and its 200-day moving average price is GBX 596.52. The company has a market capitalization of £1.13 billion, a price-to-earnings ratio of 322.92, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02.

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.