Saga (LON:SAGA) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Saga plc (LON:SAGA)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 587.31 and traded as high as GBX 644. Saga shares last traded at GBX 635.23, with a volume of 436,887 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 1,025 price objective on shares of Saga in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 795 target price on shares of Saga in a report on Friday, August 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Saga currently has an average rating of “Buy” and an average price target of GBX 910.

Saga Stock Down 1.6%

The stock has a market capitalization of £923.56 million, a price-to-earnings ratio of 264.68, a PEG ratio of 1.22 and a beta of 2.02. 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 business has a fifty day moving average of GBX 663.29 and a 200 day moving average of GBX 587.31.

Insider Buying and Selling at Saga

In other news, insider Mark Watkins sold 30,205 shares of the company’s stock in a transaction on Friday, July 3rd. The stock was sold at an average price of GBX 670, for a total value of £202,373.50. Also, insider Mike Hazell purchased 276 shares of the stock in a transaction dated Wednesday, July 15th. The shares were acquired 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.