Saga’s (SAGA) Outperform Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reissued their outperform rating on shares of Saga (LON:SAGA) in a research note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada currently has a GBX 250 ($3.36) price target on the stock.
A number of other brokerages have also issued reports on SAGA. Beaufort Securities reissued a buy rating on shares of Saga in a report on Monday, September 25th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 215 ($2.89) price target on shares of Saga in a report on Friday, September 8th. Credit Suisse Group cut their price target on shares of Saga from GBX 220 ($2.96) to GBX 210 ($2.83) and set a neutral rating on the stock in a report on Thursday, October 5th. Peel Hunt cut their price target on shares of Saga from GBX 250 ($3.36) to GBX 240 ($3.23) and set a buy rating on the stock in a report on Wednesday, September 20th. Finally, Goldman Sachs Group reissued a buy rating and issued a GBX 230 ($3.10) price target on shares of Saga in a report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Saga currently has a consensus rating of Buy and a consensus price target of GBX 221.50 ($2.98).
Saga (LON:SAGA) opened at GBX 136.55 ($1.84) on Thursday. Saga has a twelve month low of GBX 134.80 ($1.81) and a twelve month high of GBX 216.13 ($2.91).
Saga (LON:SAGA) last released its earnings results on Friday, September 22nd. The company reported GBX 7.50 ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 7.30 ($0.10) by GBX 0.20 ($0.00). Saga had a net margin of 19.15% and a return on equity of 13.77%. The company had revenue of £435.40 million for the quarter.
The business also recently announced a dividend, which was paid on Friday, November 17th. Stockholders of record on Thursday, October 12th were paid a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 1.54%. The ex-dividend date was Thursday, October 12th.
In related news, insider Lance Batchelor bought 71,997 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average price of GBX 138 ($1.86) per share, with a total value of £99,355.86 ($133,722.56). Insiders have bought a total of 72,232 shares of company stock worth $9,980,519 in the last ninety days.
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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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