Saga (LON:SAGA) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Saga plc (LON:SAGA)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 593.41 and traded as high as GBX 670. Saga shares last traded at GBX 663.85, with a volume of 822,483 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAGA. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,025 price objective on shares of Saga in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Saga from GBX 600 to GBX 795 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Saga presently has an average rating of “Buy” and an average target price of GBX 910.

Saga Stock Down 1.5%

The business’s 50 day moving average is GBX 598.20 and its 200-day moving average is GBX 549.10. 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 market cap of £949.32 million, a PE ratio of 272.06, a P/E/G ratio of 1.22 and a beta of 2.02.

Insiders Place Their Bets

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