Berenberg Bank Reaffirms Buy Rating for Saga (LON:SAGA)

Saga (LON:SAGA)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They presently have a GBX 1,025 price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 67.57% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Saga from GBX 600 to GBX 795 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 910.

Saga Stock Up 3.9%

Saga stock opened at GBX 611.68 on Thursday. Saga has a 1-year low of GBX 162.96 and a 1-year high of GBX 680. The firm has a market capitalization of £889.33 million, a price-to-earnings ratio of 254.87, a P/E/G ratio of 1.22 and a beta of 2.02. The company has a current ratio of 1.35, a quick ratio of 0.67 and a debt-to-equity ratio of 934.58. The firm has a 50 day simple moving average of GBX 575 and a 200 day simple moving average of GBX 522.31.

Saga (LON:SAGA) last posted its earnings results on Wednesday, April 15th. The company reported GBX (2.90) earnings per share (EPS) for the quarter. Saga had a negative return on equity of 15.72% and a negative net margin of 1.53%.The company had revenue of £660 million for the quarter. On average, analysts predict that Saga will post 34.7826087 earnings per share for the current year.

Insider Transactions at Saga

In other Saga news, insider Mark Watkins sold 30,205 shares of the firm’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of GBX 670, for a total value of £202,373.50. 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.