Saga PLC (LON:SAGA) Given Average Recommendation of “Hold” by Brokerages
Shares of Saga PLC (LON:SAGA) have received an average recommendation of “Hold” from the seven analysts that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 225.83 ($2.95).
Several research analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 190 ($2.48) target price on shares of Saga PLC in a research note on Thursday, September 15th. Peel Hunt reaffirmed a “buy” rating and set a GBX 250 ($3.26) target price on shares of Saga PLC in a research note on Monday, August 1st. Beaufort Securities reaffirmed a “buy” rating on shares of Saga PLC in a research note on Wednesday, June 22nd. Canaccord Genuity decreased their target price on Saga PLC from GBX 240 ($3.13) to GBX 225 ($2.94) and set a “buy” rating for the company in a research note on Monday, June 27th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 245 ($3.20) target price on shares of Saga PLC in a research note on Wednesday, June 15th.
In related news, insider Ni-Chionna,Orna purchased 15,961 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired at an average price of GBX 188 ($2.45) per share, for a total transaction of £30,006.68 ($39,168.10). Also, insider Batchelor,Lance purchased 149 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was bought at an average price of GBX 201 ($2.62) per share, with a total value of £299.49 ($390.93).
Saga PLC (LON:SAGA) opened at 222.00 on Thursday. Saga PLC has a 1-year low of GBX 170.80 and a 1-year high of GBX 227.38. The stock’s 50 day moving average is GBX 217.13 and its 200-day moving average is GBX 204.61. The firm’s market cap is GBX 2.47 billion.
Saga PLC Company Profile
Saga plc is a provider of services for the customers aged 50 and over. The Company operates through three segments: Insurance, Travel, and Emerging Businesses and Central Costs. Insurance segment consists of general insurance products, such as Motor insurance, Home insurance and Other insurance. Travel segment primarily consists of the operation and delivery of package tours and cruise holiday products.
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