Saga PLC (SAGA) Earns Neutral Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their neutral rating on shares of Saga PLC (LON:SAGA) in a report published on Monday. J P Morgan Chase & Co currently has a GBX 215 ($2.84) target price on the stock.
A number of other equities analysts have also issued reports on the stock. Credit Suisse Group dropped their target price on shares of Saga PLC from GBX 220 ($2.90) to GBX 210 ($2.77) and set a neutral rating on the stock in a research report on Thursday, October 5th. Beaufort Securities reaffirmed a buy rating on shares of Saga PLC in a research report on Monday, September 25th. Numis Securities Ltd reaffirmed an add rating and set a GBX 235 ($3.10) target price on shares of Saga PLC in a research report on Friday, September 22nd. Peel Hunt dropped their target price on shares of Saga PLC from GBX 250 ($3.30) to GBX 240 ($3.17) and set a buy rating on the stock in a research report on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a GBX 230 ($3.04) target price on shares of Saga PLC in a research report on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Saga PLC currently has an average rating of Buy and a consensus price target of GBX 226.67 ($2.99).
Saga PLC (LON:SAGA) last announced its earnings results on Friday, September 22nd. The company reported GBX 7.50 ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 7.30 ($0.10) by GBX 0.20 ($0.00). Saga PLC had a net margin of 19.15% and a return on equity of 13.77%. The business had revenue of £435.40 million for the quarter.
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The firm also recently declared a dividend, which will be paid on Friday, November 17th. Shareholders of record on Thursday, October 12th will be issued a GBX 3 ($0.04) dividend. This represents a yield of 1.54%. The ex-dividend date of this dividend is Thursday, October 12th.
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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