Saga (LON:SAGA) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Saga plc (LON:SAGA)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 580.13 and traded as high as GBX 670. Saga shares last traded at GBX 645.65, with a volume of 470,559 shares trading hands.

Analysts Set New Price Targets

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

Saga Price Performance

The stock’s 50-day moving average is GBX 580.13 and its 200-day moving average is GBX 533.07. The firm has a market cap of £938.72 million, a P/E ratio of 269.02, a price-to-earnings-growth 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.

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

Insider Transactions at Saga

In other news, insider Mark Watkins sold 30,205 shares of the business’s 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. 30.38% of the stock is owned by corporate 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.