Saga (LON:SAGA) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Saga plc (LON:SAGA) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 549.16 and traded as high as GBX 568. Saga shares last traded at GBX 564, with a volume of 263,514 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 600 price target on shares of Saga in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 600.

Saga Stock Performance

The company has a quick ratio of 0.67, a current ratio of 1.35 and a debt-to-equity ratio of 934.58. The stock’s fifty day moving average price is GBX 549.16 and its two-hundred day moving average price is GBX 460.04. The company has a market capitalization of £811.91 million, a PE ratio of 235.00, a price-to-earnings-growth ratio of 1.22 and a beta of 2.02.

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

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.