Saga (LON:SAGA) Reaches New 12-Month High – Here’s What Happened

Saga plc (LON:SAGA) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 685 and last traded at GBX 659, with a volume of 31676 shares changing hands. The stock had previously closed at GBX 663.

Wall Street Analyst Weigh In

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

Saga Stock Down 0.9%

The company has a debt-to-equity ratio of 934.58, a quick ratio of 0.67 and a current ratio of 1.35. The company has a market cap of £955.21 million, a PE ratio of 273.75, a PEG ratio of 1.22 and a beta of 2.02. The firm has a fifty day simple moving average of GBX 595.94 and a 200 day simple moving average of GBX 547.57.

Insider Activity

In related news, insider Mark Watkins sold 30,205 shares of the firm’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of GBX 670, for a total value of £202,373.50. Also, insider Mike Hazell bought 276 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was bought at an average price of GBX 652 per share, with a total value of £1,799.52. Corporate insiders own 30.38% of the company’s stock.

About Saga

Saga exists to deliver exceptional experiences for our customers every day, whilst being a driver of positive change in our markets and communities.