Saga PLC (LON:SAGA) Earns “Buy” Rating from Peel Hunt
Saga PLC (LON:SAGA)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 250 ($3.24) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 20.31% from the company’s current price.
Several other equities analysts also recently commented on the stock. Credit Suisse Group increased their target price on shares of Saga PLC from GBX 200 ($2.59) to GBX 220 ($2.85) and gave the stock a “neutral” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) increased their target price on shares of Saga PLC from GBX 220 ($2.85) to GBX 230 ($2.98) and gave the stock a “buy” rating in a research report on Tuesday, July 4th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 215 ($2.78) target price on shares of Saga PLC in a research report on Wednesday, May 3rd. Finally, Beaufort Securities reissued a “buy” rating on shares of Saga PLC in a research report on Thursday, March 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 229.29 ($2.97).
Saga PLC (LON SAGA) opened at 207.80 on Monday. The firm’s market cap is GBX 2.32 billion. The firm’s 50 day moving average price is GBX 203.04 and its 200-day moving average price is GBX 198.27. Saga PLC has a 52 week low of GBX 180.30 and a 52 week high of GBX 227.38.
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In other news, insider Lance Batchelor purchased 146 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was bought at an average cost of GBX 205 ($2.66) per share, for a total transaction of £299.30 ($387.69). Also, insider Jonathan Hill sold 24,683 shares of the company’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of GBX 208 ($2.69), for a total transaction of £51,340.64 ($66,503.42). Insiders have acquired 292 shares of company stock valued at $59,860 over the last 90 days.
About Saga PLC
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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