Saga (LON:SAGA) Earns Buy Rating from Berenberg Bank

Saga (LON:SAGA)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report issued on Thursday, Digital Look reports. They presently have a GBX 1,025 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 69.70% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 795 price objective on shares of Saga in a research report on Friday, August 21st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 910.

Saga Trading Down 2.3%

SAGA opened at GBX 604 on Thursday. The firm has a market capitalization of £878.16 million, a price-to-earnings ratio of 251.67, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02. The company’s 50 day simple moving average is GBX 657.65 and its two-hundred day simple moving average is GBX 590.90. Saga has a 1-year low of GBX 208 and a 1-year high of GBX 747. The company has a debt-to-equity ratio of 934.58, a current ratio of 1.35 and a quick ratio of 0.67.

Insider Activity

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