Saga (LON:SAGA) Sets New 1-Year High – Here’s What Happened

Saga plc (LON:SAGA – Get Free Report)’s stock price reached a new 52-week high on Tuesday. The stock traded as high as GBX 798.20 and last traded at GBX 786, with a volume of 296,445 shares changing hands. The stock had previously closed at GBX 780.

Analysts Set New Price Targets

SAGA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Saga from GBX 795 to GBX 855 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Berenberg Bank raised their price target on Saga from GBX 1,025 to GBX 1,130 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 992.50.

Check Out Our Latest Stock Analysis on Saga

Saga Price Performance

The business’s 50 day moving average is GBX 672.09 and its two-hundred day moving average is GBX 614.14. The company has a quick ratio of 0.67, a current ratio of 0.91 and a debt-to-equity ratio of 503.16. The firm has a market cap of £1.14 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.22 and a beta of 2.02.

Saga (LON:SAGA – Get Free Report) last posted its quarterly earnings results on Wednesday, September 30th. The company reported GBX 20.50 earnings per share (EPS) for the quarter. Saga had a return on equity of 23.50% and a net margin of 3.25%. As a group, analysts anticipate that Saga plc will post 34.78 earnings per share for the current year.

Insider Buying and Selling at Saga

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

About Saga

(Get Free Report)

Saga exists to deliver exceptional experiences for our customers every day, whilst being a driver of positive change in our markets and communities.

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