Shares of Saga PLC (LON:SAGA) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 83.50 ($1.09).
SAGA has been the subject of several research analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 120 ($1.57) price objective on shares of Saga in a research report on Thursday, April 4th. UBS Group reaffirmed a “neutral” rating on shares of Saga in a research report on Thursday, June 13th. Numis Securities reaffirmed a “buy” rating and issued a GBX 180 ($2.35) target price on shares of Saga in a research report on Friday, March 29th. Investec reaffirmed a “hold” rating and issued a GBX 107 ($1.40) target price on shares of Saga in a research report on Thursday, April 4th. Finally, Peel Hunt decreased their target price on Saga from GBX 185 ($2.42) to GBX 180 ($2.35) and set a “buy” rating for the company in a research report on Wednesday, March 27th.
In other Saga news, insider Julie Hopes bought 16,910 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average price of GBX 57 ($0.74) per share, for a total transaction of £9,638.70 ($12,594.67). Also, insider James Quin bought 33,118 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was acquired at an average price of GBX 60 ($0.78) per share, for a total transaction of £19,870.80 ($25,964.72). Insiders purchased a total of 160,684 shares of company stock valued at $9,459,063 over the last ninety days.
Shares of SAGA traded up GBX 0.34 ($0.00) during trading on Tuesday, reaching GBX 34.50 ($0.45). 7,798,509 shares of the company traded hands, compared to its average volume of 4,570,000. The company has a debt-to-equity ratio of 46.14, a quick ratio of 0.25 and a current ratio of 0.91. Saga has a twelve month low of GBX 31.78 ($0.42) and a twelve month high of GBX 141.20 ($1.85). The firm has a market cap of $386.97 million and a PE ratio of -2.38. The business’s 50-day moving average is GBX 45.37.
The company also recently announced a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 16th will be given a GBX 1 ($0.01) dividend. This represents a yield of 1.49%. The ex-dividend date of this dividend is Thursday, May 16th. Saga’s payout ratio is -0.28%.
Saga plc engages in insurance, travel, personal finance, healthcare, retirement villages, and media businesses in the United Kingdom. The company operates in three segments: Insurance, Travel, and Emerging Businesses and Central Costs. It offers car, caravan, motorhome, breakdown cover, home, landlord, holiday home, home emergency, pet, travel, boat, health, personal accident, and life insurance, as well as accidental death benefit products.
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