Saga (LON:SAGA) Shares Pass Above 50 Day Moving Average – What’s Next?

Saga plc (LON:SAGA) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 549.16 and traded as high as GBX 568. Saga shares last traded at GBX 564, with a volume of 263,514 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 600 price target on shares of Saga in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 600.

Saga Price Performance

The company has a debt-to-equity ratio of 934.58, a current ratio of 1.35 and a quick ratio of 0.67. The company has a 50 day moving average price of GBX 552.24 and a 200 day moving average price of GBX 463. The firm has a market cap of £832.06 million, a PE ratio of 240.83, a PEG ratio of 1.22 and a beta of 2.02.

Saga (LON:SAGA) last released its quarterly earnings results on Wednesday, April 15th. The company reported GBX (2.90) EPS for the quarter. Saga had a negative return on equity of 15.72% and a negative net margin of 1.53%.The company had revenue of £660 million for the quarter. Sell-side analysts expect that Saga plc will post 34.7826087 EPS for the current fiscal year.

About Saga

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