Saga (LON:SAGA) Sets New 12-Month High – What’s Next?

Saga plc (LON:SAGA)’s stock price hit a new 52-week high on Tuesday. The stock traded as high as GBX 799 and last traded at GBX 765, with a volume of 369797 shares traded. The stock had previously closed at GBX 761.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SAGA shares. Berenberg Bank boosted their price objective on Saga from GBX 1,025 to GBX 1,130 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Saga from GBX 795 to GBX 855 and gave the stock a “buy” rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 992.50.

Saga Stock Down 0.7%

The firm has a market cap of £1.10 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 1.22 and a beta of 2.02. The business’s 50-day moving average is GBX 666.56 and its 200-day moving average is GBX 608.70. The company has a debt-to-equity ratio of 503.16, a quick ratio of 0.67 and a current ratio of 0.91.

Saga (LON:SAGA) last issued its quarterly earnings data on Wednesday, September 30th. The company reported GBX 20.50 earnings per share for the quarter. Saga had a net margin of 3.25% and a return on equity of 23.50%. On average, equities analysts predict that Saga plc will post 34.7826087 EPS for the current year.

Insider Buying and Selling

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

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.