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

Saga plc (LON:SAGA) reached a new 52-week high on Wednesday . The stock traded as high as GBX 703 and last traded at GBX 695, with a volume of 511697 shares trading hands. The stock had previously closed at GBX 692.

Analyst Ratings Changes

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

Saga Trading Up 2.6%

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 firm has a market cap of £1.08 billion, a P/E ratio of 308.19, a PEG ratio of 1.22 and a beta of 2.02. The company’s 50 day moving average is GBX 613.80 and its two-hundred day moving average is GBX 560.27.

Insiders Place Their Bets

In other Saga news, insider Mark Watkins purchased 276 shares of the business’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 Mike Hazell bought 276 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were bought at an average price of GBX 652 per share, with a total value of £1,799.52. 30.38% of the stock is owned by 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.