Saga PLC (SAGA) Price Target Cut to GBX 210 by Analysts at Credit Suisse Group AG
Saga PLC (LON:SAGA) had its price objective trimmed by Credit Suisse Group AG from GBX 220 ($2.92) to GBX 210 ($2.79) in a research note issued to investors on Thursday morning. The firm currently has a neutral rating on the stock.
A number of other equities research analysts also recently issued reports on SAGA. Peel Hunt reissued a buy rating on shares of Saga PLC in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) boosted their price target on shares of Saga PLC from GBX 220 ($2.92) to GBX 230 ($3.05) and gave the company a buy rating in a research note on Tuesday, July 4th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 215 ($2.85) price target on shares of Saga PLC in a research note on Friday, September 8th. Numis Securities Ltd reissued an add rating and issued a GBX 235 ($3.12) price target on shares of Saga PLC in a research note on Friday, September 22nd. Finally, Beaufort Securities reissued a buy rating on shares of Saga PLC in a research note on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 226.67 ($3.01).
Shares of Saga PLC (LON:SAGA) traded up 2.01% during trading on Thursday, reaching GBX 192.90. 1,475,810 shares of the company’s stock were exchanged. The stock’s market cap is GBX 2.16 billion. Saga PLC has a 12-month low of GBX 180.30 and a 12-month high of GBX 216.13. The company has a 50 day moving average of GBX 197.45 and a 200 day moving average of GBX 203.88.
Saga PLC (LON:SAGA) last issued its earnings results on Friday, September 22nd. The company reported GBX 7.50 ($0.10) EPS for the quarter, topping analysts’ consensus estimates of GBX 7.30 ($0.10) by GBX 0.20 ($0.00). The company had revenue of £435.40 million for the quarter. Saga PLC had a net margin of 15.99% and a return on equity of 11.92%. Equities research analysts anticipate that Saga PLC will post $14.89 EPS for the current year.
TRADEMARK VIOLATION WARNING: This article was first reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.watchlistnews.com/saga-plc-saga-price-target-cut-to-gbx-210-by-analysts-at-credit-suisse-group-ag/1613734.html.
The business also recently declared a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, October 12th will be paid a GBX 3 ($0.04) dividend. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, October 12th.
In other Saga PLC news, insider Lance Batchelor bought 146 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were purchased at an average cost of GBX 205 ($2.72) per share, with a total value of £299.30 ($397.00). Over the last ninety days, insiders have purchased 369 shares of company stock worth $74,953.
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.
Receive News & Ratings for Saga PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saga PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.