Insider Buying: Saga (LON:SAGA) Insider Purchases £3,288,000 in Stock

Saga plc (LON:SAGA) insider Roger De Haan acquired 1,200,000 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of GBX 274 per share, with a total value of £3,288,000.

Saga Stock Performance

Shares of Saga stock opened at GBX 288 on Thursday. The business has a 50-day moving average of GBX 206.36 and a 200 day moving average of GBX 168.21. Saga plc has a 12 month low of GBX 105.40 and a 12 month high of GBX 288. The stock has a market capitalization of £414.59 million, a price-to-earnings ratio of -245.32, a price-to-earnings-growth ratio of 1.22 and a beta of 2.57. The company has a debt-to-equity ratio of 625.34, a current ratio of 1.33 and a quick ratio of 0.67.

Saga (LON:SAGA) last announced its earnings results on Wednesday, September 24th. The company reported GBX 16.80 EPS for the quarter. Saga had a negative return on equity of 87.14% and a negative net margin of 18.42%. As a group, sell-side analysts forecast that Saga plc will post 34.7826087 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Saga from GBX 185 to GBX 285 and gave the company a “buy” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Saga presently has an average rating of “Buy” and an average target price of GBX 285.

Saga Company Profile

Saga exists to deliver exceptional experiences for our customers every day, whilst being a driver of positive change in our markets and communities.